7 years later found this gem ,before this i went through many bookmap videos , books but this is an absolute thing that you guys have been chasing.......
There is so much to learn from this video about the mechanics of price action in general and the specific high frequency algorithms to look out for on the heatmap, it's amazing!
Finally ,someone on RUclips talking about ,price action and oderflow,I be been trading with oderflow 5 years ago,about to get that software to improve my trading decision.
I would say personally that traders who trade with price action would be very beneficial from these order flow stuff with visualization to aid in understanding of how market does just like that. Thanks!
this data gives you a huge advantage over the ignorant herd of the markets that make their trading decisions only based on reading chart patterns. great stuff. i appreciate that.
I agree that this video is a treasure chest of information being a beginner user of Bookmap, however I do find some terminologies or processes underexplained.
At 09:48 you show a little white number 1 and you say that is the "last traded volume" but my book map also show a green or red number in parenthesis and I can't find any explanation as to what that is. Can you tel lme?
Bruce you are the champion of description. A running commentary of the by-gone. But how would you trade any of this if you did not have a hindsight? An imbalance exists with a strong depth above on the offer. Sometimes it rejects the market buyers. Sometimes they break through it. So which will it be based on probability, and why? How do you make decisions in trading based on any of this? Unless you can do that, any charting software is worthless.
Hi XX, this is part 1 of 4 videos. The ret are available with your Bookmap Global/Global+ subscription. This part 1 videos sets the foundation. The other videos cover market structure, setups, auction market theory, and confluences. Then we have daily BookmapLive webinars and apply this knowledge in the live market. It is not hindsight, we give insight to where price may move next. Plus we have Scott Pulcini and JTrader trade live 2 days a week. This is a rather complete education free with Bookmap Global+.
Okay, so I am 2:55 into the video and already the low quality microphone is hard to listen to. Please provide an up to date course, with exact same information; just a better quality microphone. I will power through however!
So it seems when the liquidity is above a the candles it will push down the price of where there is no liquidity but it will come back on the old prices where there was liquidity levels
At 24:51 when the imbalance occurs, does this mean that prices will go down in order to go higher later on and consume the higher liquidity? Or, does it mean that there is currently during the imbalance more selling activity causing prices to go down?
Fantastic video! Some of this is beyond me, can you recommend anything to study that will help provide a foundation for the material? Thanks in advance.
Thanks for this Bruce. I really learn a lot. Question about a comment you made in minute 36:20 ( you said, this is a little different sweep) ; how you detected that sweep down specifically?
Part 1 keeps things very simple, and should provide a strong foundation on how markets really work. This knowledge can then be extrapolated to higher time frames, as in part 2 with market structure.
Very good. On to two, next. One question. Does an area completely clear out of contracts at each level? I notice a white bar of sellers still exists as price moves on. Would that one price level completely clear out? Or does Bookmaps keep a historical account of each level?
For price to move to move from one price level to the next, liquidity at that price level must either completely transact or be pulled away, or both. Then there must still be more aggressor market buy/sell pressure to transact on the next price level.
In the example of 45:47 , how can a short market activity with a volume of 2557 be absorved by only 1100 long limite orders? Maybe a part of the 2557 volume was cancelled?
I think i got the answer but I will not delete the comment because maybe someone has the same doubt, so I can help with it. The CVP represents the volume of a whole level of price. So that being said, at the moment of the test, only a part of the 2557 contracts were put!
Great tutorial, well done. Thumbs up, and subscribed. One very basic question....if every transaction requires a buyer and seller, how can there ever be more of one than the other over a given time frame?
there really isn't - a market order moves price as it exhausts liquidity at a particular price - the market order keeps moving price until it is exhausted. "It seeks liquidity "
Hello, Bookmap is available in the Indian market with the heatmap feature. For more information, check www.bookmap.com/hi Join our Discord community of Indian traders - discord.com/invite/r3MGD426we
sorry guys I found this video way too long with too much historical data explanations. I feel it could be half the length and deliver twice as much info if concentrated more on present than past. It just seems to me that bookmap wants to impress with how much data it can display rather than whati is useful for trading in the present. If I have an ignition candle, it of course means what bookmap is breaking down and showing you. I already know that info because it waas an ignition candle. Trying too hard to impress at the cost of showing me the utility in the present.
At 64:05 you mention you may see a retest if you see buyers coming back in. However, isn't all that selling from 30 seconds ago buyers also buying? Can you sell or buy without a real buyer or seller? Does bookmark keep track of buy order history so we can estimate where holders are? I'm curious because daily POC lines (from Thinkorswim volume profile indicator) from months back make very predictable resistance lines for intraday price movements.
An aggressive seller (market sell order) must be matched with a passive buyer (limit buy order). If there are more aggressive sellers and they take all the liquidity at one price level, then the best bid moves down a tick to the next level of liquidity.
@@Bookmap_pro Hey one more question if you see this and have the time. You mentioned that certain cases it only takes one share purchase to raise the price to the ask price. 3 ticks in your example. Do you think its possible to create a cheeky algorithm that auto-buys that one share or perhaps limited number of shares to drives the price a favorable direction during a move? I assume the market makers or other algorithms already do this but perhaps its not always favorable for them. Do you build algorithms for fun?
We can never determine with 100% accuracy it's spoofing unless we can have actual account information. If we say it's 100% spoofing, then it's akin to accusing someone of a crime, literally. Thus we say it's potential spoofing -- they are innocent until proven guilty. That said, if we see massive orders entering very close to the Best Bid and Offer, and these orders create a huge supply or demand imbalance but then pull for the book before getting filled, then it is likely it is a spoof. This insight can give you an edge by understanding the market's appetite to the supply/demand imbalance. It happens all the time.
@@Bookmap_pro Define "massive orders?" Are we talking iceberg orders? Can you place a value on "massive orders" on instruments like Nasdaq, SPY, Gold, etc?
![ARGENTINA vs. PERÚ [1-0] | RESUMEN | ELIMINATORIAS SUDAMERICANAS | FECHA 12](http://i.ytimg.com/vi/xtI25ENDDSY/mqdefault.jpg)
6 years later and this is still solid gold! Thank you for sharing.
7 years later found this gem ,before this i went through many bookmap videos , books but this is an absolute thing that you guys have been chasing.......
So much knowledge in that short time. Some trading coaches create a whole module for that and take thousands
The ability to visualize what is actually happening is truly a game changer. Thank you so much
There is so much to learn from this video about the mechanics of price action in general and the specific high frequency algorithms to look out for on the heatmap, it's amazing!
I agree, Eric. Great insight!
THIS IS PURE GOLD. I can't i just watched this. THANK you very much sir for posting.
Glad you enjoyed it, Robert!
Finally ,someone on RUclips talking about ,price action and oderflow,I be been trading with oderflow 5 years ago,about to get that software to improve my trading decision.
If you don't mind may I please ask what is the best way to learn about order flow?
Bruce, This is just phenomenal to see nano level trading …. Clear out all doubts and FOMO .. once you get a basic concepts of trading !!
I would say personally that traders who trade with price action would be very beneficial from these order flow stuff with visualization to aid in understanding of how market does just like that. Thanks!
Great information. New to Bookmap. Thank u.😇
this data gives you a huge advantage over the ignorant herd of the markets that make their trading decisions only based on reading chart patterns. great stuff. i appreciate that.
I agree that this video is a treasure chest of information being a beginner user of Bookmap, however I do find some terminologies or processes underexplained.
Thank you for your feedback, Di.
This probably the most helpful video I’ve seen, to date. Thanks!
Great overview of bookmap! I dreamnt of an app that easily displayes this type of visual data, and lo and behold, it exists! Thank you so much!
Thanks so much for sharing this! The most helpful video online! I am subscribing to the Bookmap TODAY!
Best video ever about Order Flow. Excelent!
Appreciate the kind words, Tobias.
I need to watch this 10x! This is great stuff!
Thanks for your kind words.
Wow, this is truly eye opening!!
This was excellent. I am sold.
you are a good teacher Bruce . big thanks
I JUST SUBSCRIBED AND HAVE PARALYSIS WITH ALL OF THIS INFORMATION WOW
Watch one video at a time, Michael :) Also, you can join our daily webinars to get better understanding.
excellent tutorial thank you it help me a lot to understand Bookmap
Thank you for your time and lectures
Thank you Abraham!
Amazing content I’m going to delve deep into this
Oustanding video! Bookmap is brilliant!
At 09:48 you show a little white number 1 and you say that is the "last traded volume" but my book map also show a green or red number in parenthesis and I can't find any explanation as to what that is. Can you tel lme?
Bruce you are the champion of description. A running commentary of the by-gone. But how would you trade any of this if you did not have a hindsight? An imbalance exists with a strong depth above on the offer. Sometimes it rejects the market buyers. Sometimes they break through it. So which will it be based on probability, and why? How do you make decisions in trading based on any of this? Unless you can do that, any charting software is worthless.
Hi XX, this is part 1 of 4 videos. The ret are available with your Bookmap Global/Global+ subscription. This part 1 videos sets the foundation. The other videos cover market structure, setups, auction market theory, and confluences. Then we have daily BookmapLive webinars and apply this knowledge in the live market. It is not hindsight, we give insight to where price may move next. Plus we have Scott Pulcini and JTrader trade live 2 days a week. This is a rather complete education free with Bookmap Global+.
wow man great explanation
thank you
This is Free??? Unbelievable!!! This is not a game charger, this is the Super Bowl.
not free - only free for bitcoin
Okay, so I am 2:55 into the video and already the low quality microphone is hard to listen to. Please provide an up to date course, with exact same information; just a better quality microphone.
I will power through however!
What best timeframe to use this strategy or course example in cryptocurrency i like maybe working in more than 15 and or more
This is informative 🔥
So it seems when the liquidity is above a the candles it will push down the price of where there is no liquidity but it will come back on the old prices where there was liquidity levels
Great, thanks
At 24:51 when the imbalance occurs, does this mean that prices will go down in order to go higher later on and consume the higher liquidity? Or, does it mean that there is currently during the imbalance more selling activity causing prices to go down?
What do you mean by basic market mechanics , kindly explain with example
Excellent explanation. Thanks
Fantastic video! Some of this is beyond me, can you recommend anything to study that will help provide a foundation for the material? Thanks in advance.
Is this still relevant to newer versions.
Thanks for this Bruce. I really learn a lot. Question about a comment you made in minute 36:20 ( you said, this is a little different sweep) ; how you detected that sweep down specifically?
very informative ...thank u so much
wow as a new trader this is to much to digest i just wanted to keep thing very simple lol
Part 1 keeps things very simple, and should provide a strong foundation on how markets really work. This knowledge can then be extrapolated to higher time frames, as in part 2 with market structure.
Very good. On to two, next. One question. Does an area completely clear out of contracts at each level? I notice a white bar of sellers still exists as price moves on. Would that one price level completely clear out? Or does Bookmaps keep a historical account of each level?
For price to move to move from one price level to the next, liquidity at that price level must either completely transact or be pulled away, or both. Then there must still be more aggressor market buy/sell pressure to transact on the next price level.
I think it would take a few months to understand the software.
Nice presentation - ty
In the example of 45:47 , how can a short market activity with a volume of 2557 be absorved by only 1100 long limite orders? Maybe a part of the 2557 volume was cancelled?
I think i got the answer but I will not delete the comment because maybe someone has the same doubt, so I can help with it.
The CVP represents the volume of a whole level of price. So that being said, at the moment of the test, only a part of the 2557 contracts were put!
At 33:50, could it be due to aggressive sells + sell stops exits (stop loss of buyers got hit)?
Hi sir how can I access other part of video, do you provide paid course
We can't use bookmap in forex?
which time frame should be used
mate after this video you should have understood that its about price levels, supply and demand etc. and not a 15 min chart or a 5 min chart
Excellent video and presentation! Im a subscriber and now have a subscription
Welcome aboard, Mark!
anyone else find this a little dry? clearly it's an amazing bit of software, but - man! a more dynamic speaker would really help set it off.
what is the meaning by "Contract"?
Are there any other parts? Great content.
At 23:04 when Algos are consuming liquidity but not lifting price is that absorption?
Yep, absolutely. you got it Bro.
Getting started in mid 2024 , am I late to the party ?
not at all, order flow is order flow. The market mechanics have been similar to the beginning of trading.
Phuck no
Masterclass
Great tutorial, well done. Thumbs up, and subscribed. One very basic question....if every transaction requires a buyer and seller, how can there ever be more of one than the other over a given time frame?
I just dawned on me....the transaction is labeled a buy or sell based on which side initiated the transaction.
@@gmiles119 Yup. That is exactly what a market order is :)
Every transaction is a market order being matched with a limit order.
there really isn't - a market order moves price as it exhausts liquidity at a particular price - the market order keeps moving price until it is exhausted. "It seeks liquidity "
There’s never more buyers or sellers, but what’s worth $100 to you, may only be $80 to me so price has to move somewhere in the middle
Make a how-to video
Do you have a colour blind version?
where is part 2 ???
❤
Sir add hit map for indian market .02
Hello, Bookmap is available in the Indian market with the heatmap feature. For more information, check www.bookmap.com/hi Join our Discord community of Indian traders - discord.com/invite/r3MGD426we
Dome is spelled with an “e”
Here, DOM refers to 'Depth Of Market'.
podeis poner subtitulso en español. gracias
sorry guys I found this video way too long with too much historical data explanations. I feel it could be half the length and deliver twice as much info if concentrated more on present than past. It just seems to me that bookmap wants to impress with how much data it can display rather than whati is useful for trading in the present. If I have an ignition candle, it of course means what bookmap is breaking down and showing you. I already know that info because it waas an ignition candle. Trying too hard to impress at the cost of showing me the utility in the present.
At 64:05 you mention you may see a retest if you see buyers coming back in. However, isn't all that selling from 30 seconds ago buyers also buying? Can you sell or buy without a real buyer or seller? Does bookmark keep track of buy order history so we can estimate where holders are? I'm curious because daily POC lines (from Thinkorswim volume profile indicator) from months back make very predictable resistance lines for intraday price movements.
An aggressive seller (market sell order) must be matched with a passive buyer (limit buy order). If there are more aggressive sellers and they take all the liquidity at one price level, then the best bid moves down a tick to the next level of liquidity.
@@Bookmap_pro Thanks sir
@@Bookmap_pro Hey one more question if you see this and have the time. You mentioned that certain cases it only takes one share purchase to raise the price to the ask price. 3 ticks in your example. Do you think its possible to create a cheeky algorithm that auto-buys that one share or perhaps limited number of shares to drives the price a favorable direction during a move? I assume the market makers or other algorithms already do this but perhaps its not always favorable for them. Do you build algorithms for fun?
mkay
27:14 potential spoofing. if you cant delineate real orders from "potential spoofing" why even bother with bookmap?
We can never determine with 100% accuracy it's spoofing unless we can have actual account information. If we say it's 100% spoofing, then it's akin to accusing someone of a crime, literally. Thus we say it's potential spoofing -- they are innocent until proven guilty. That said, if we see massive orders entering very close to the Best Bid and Offer, and these orders create a huge supply or demand imbalance but then pull for the book before getting filled, then it is likely it is a spoof. This insight can give you an edge by understanding the market's appetite to the supply/demand imbalance. It happens all the time.
@@Bookmap_pro Define "massive orders?" Are we talking iceberg orders? Can you place a value on "massive orders" on instruments like Nasdaq, SPY, Gold, etc?
Who´s notice he´s sayin okay 10 million times?
It's Mr Mackey from Southpark
ruclips.net/video/KqOsrniBooQ/видео.html
Focus on the principle... Stop being like a cry baby
Okay
He's 1 taking the entire thing. Thats not even easy to do.
Ok bro.
Excellent presentation. Thank you very much.