Ross, this resonated with what I was wondering not too long ago about the algo systems moving the market with those buy and sell orders that get initiated and immediately pulled out? What's up with that, I thought 🤔 that was something illegal?
You keep mentioning we can use this on Forex, but when I contacted my broker, Schwab (formerly TD Ameritrade), Forex does not have volume profiles or level 2 or order flows. Can please explain? Because I recall on your micro-pull back strategy you need the volume on the pullback and the level 2, however, it is not available in Forex. The broker mentioned the trades are directly with the dealer and so there is no order flow available, something like that. So can you explain how this applies to Forex and even your micro-pullback strategy using volume?
Ross, I swear, in all my years of watching the market, I have never had the privilege of knowing someone who gives so freely of themselves. Thank you, I would not have been able to figure that chart out, you lay it out in a few minutes! What a teacher!!!!!!!!!!!!
So true. I have been doing a lot of educational and learning from Bookmap themselves, and it has been tedious AF. Ross, distills the essentials and delivers. What a GREAT teacher, making the difficult/complex easy to understand.
I trade futures and i only use rsi, 2 emas, and pa. It's simple and easy. I just buy or sell and just manage my risk quickly on that trade. With all those bubbles, different colored lines, graphs on the side/bottom. I know myself, im pretty sure ill be so distracted looking at the bookmap. Love my charts simple and clean. Great video btw.
Not only was this a valuable book map lesson but it also gave me a different perspective on the Bid and Ask. Ross is simply the best RUclips has to offer when it comes to teaching.
But he forgot to mention an important point about the bid/ask thing, only aggressive orders/traders move the market and not the sitting/resting orders in the ladder🪜..
@@SleepySki-kw8pq this is called absorption. Big aggressive orders coming into the market and absorbed; prices won't mind and reverse at those levels..
I'm brand new to trading and was still wrapping my head around Level 2. But I'm an abstract artist/painter and as soon as I saw Bookmap, I thought, "Oooo, pretty! It looks like art!" And I find that I can actually understand what I'm looking at and visually see what the market is doing. Actually see it. I like that. I think this will appeal to those of us who are more visual/intuitive.
I'm glad I found you, brother. Im 38, and I've been stuck in the bluecallar rut for far too long. I'm a break into this trade one way or another. Thanks for maki g all this digestible.
I was so drawn in to what you where saying then bam you dropped it. The word FLICKER, I'll never see christmas lights the same way again, here forward I'll be reminded of buy and sell orders as the bulbs flicker. Great oversight on Bookmap Ross, it would have taken me a long time to figure it out. The color bars pose a challenge because I'm partially color blind. Yay we can keep the candles. Much easier understanding it through your teachings. You did a tremendous job! You really did.
Bookmap isn't meant to replace candle sticks, it's just another element in the toolkit to assist in the decision making like footprint chart for instance. 😅
I can't get over how hard this man works to bring us free QUALITY TEACHING! Btw, i cacked fm ur intro, saying 'Stop using candlestick charts right now...yadda yadda with ALL ur screens still having candlestick charts on your desk 🤣
Some platforms paint candlesticks based on "Open to Close" and/or "Close to Close." My platform gives you the choice. My bet is you're platform is calculating your candles one way, and their's is calculating them the other way. (My bet is there some settings that let you chose. That's the way my platform is.)
Hey Ross. Thank you for taking the time to review BookMap. This is the 2nd time I have watched this video. I am a Bookmap subscriber, however, I am still getting acquainted with the software. Your teaching is simply more dynamic, fun, and engaging than a lot of the educational videos that Bookmap has provided us. Honestly, their educational videos put me to sleep. Will you please do another Bookmap teaching/intro/analysis? I'll buy you a beer or a coffeeeee! Thanks man.
Hi, How are you finding bookmap? I just subscribed to their sale offer, and just learned that bookmap only shows one or 2 exchanges data, comparing to nearly a dozen or so on Tradezero platform ( i am assuming rest of stocks brokers must show exact lvl2/exchanges as well). So in this case, bookmaps doesnt seem to be useable? Can you please offer some help/guidance from your experience?
💕Ross, you have given me the knowledge and confidence to return to trading, but this time, based on knowledge and your detailed expertise. There is a shortage of people like you in the world… someone who actually makes a difference for the better in people’s live, at least mine, but all the comments show there are countless of other grateful people. Thank you.
I might be wrong but I think you can adjust the bubbles from Smart Bubbles to non relative. Also, you can set a minimal and maximum on the bubbles, so it will only display ones that meet your criteria.
Yes, you can filter your volume dots in Bookmap via clustering, block trades, and aggregate amounts. For further details, consider visiting the Bookmap Learning Center and review the Getting Started Course Volume Dots videos.
After seeing this video and how you are paving the way for folks like me , when I get the money saved up I will be buying into warrior trading. I have been studying on my own for a few years and I think warrior trading will make me a successful trader. This video shows me your not stuck in your ways and are open to new technology even if its complicated.
Guess you can consider the big red blobs a sort of alternative S/R. If used with traditional S/R, a correlation might prove to be a very strong signal when considering entering/exiting a position. I actually find this new type of chart to be quite useful for a novice in trading. It might even help me become one.
I have been literally coding the last two weeks a quick script with Python that generated the bubble graph with data from Kraken. My bubbles were relative to the selected timeframe and coded green and red, just like with Bookmap. However, my script showed "X"s for Market orders and "O"s for limit orders. I even had some idea of displaying also the order book data on the graph, but that would require a dynamic graph, and my script produced only static graphs. Also, I wanted to see other instruments, which meant to get the data from some other provider and more, much more coding. And then I found this video! Talk about serendipity! I will be happy to shelve my script and coding plans if Bookmap is as good as it looks.
I don't believe there is any value in L2 because, as the video shows, there can be huge sell orders that get blown straight through. Additionally, orders can be hidden.
You can see the level 2 on the interactive brokers top right corner not the full thing but the last orders and it makes a lot difference. Started using webull recently. So much so I hate the way they display things, they have the level 2 on the bottom.
I have known Bookmap was a product for a long time. But thanks to Ross explaining the features (and his own thought process) like a was a 5th grader. Great video.
Hey Ross, been following you since forever. I believe with your scalping expertise, you would kill it in the futures market , specifically $NQ. Love to see you make the jump. Anyway, thanks for all knowledge over there years. You definitely Influence my trading career.
I’m looking forward to the updated, cleaner, and fresher 2.0. I think the aesthetic is worth it. Once you get used to it, I imagine it’s easier, more second nature.
Folks this is ALL based off of level 2 and level 2 isn't that reliable anymore. It's always got a lot of false orders mixed in with the real ones. Just keep that in mind before you think this is the next big thing
Ross, you are amazing! Your honesty, clarity and directness in conveying your ideas is greatly appreciated. Thank you for that. I have decided to join your basic course soon, probably by the end of May. This is when Schwab will start offering Daily Cash Account Settlement (May 28th). I already watch almost all the videos on the RUclips channel
Even if you have a platform with market data, it's not all "full" enough for them. IBKR for instance looks incomplete and support said IBKR market data is not full.
With bookmap Ros now will make 7figures day 😎 Nice comprehens between stocks and s&p 500. I fight every day for some ticks in ES Future with all the algos. I use all the features like footprint, heatmap and volume profiles but with Quantower, it’s like Swiss knife for trading.
Dude, this was literally on my mind for the last week and i even made a python visualization of the data to show this (not in the exact same way, but super similar)
Thanx for your video teaching. Sincerely appreciate it. I can't find Bookmap in trading view platform. Is there another name for Bookmap? thanx in advance
Imagine .. when this huge sell or buy order is suddenly canceled .. Champ .. what will you do ... but honestly, your channel is very informative .. one of the best
It looks like the amount of sellers doesn't matter. Yes, it's a huge amount but that never tells you how strong the buyers will be. There are always sellers. So you can't make a decision based on a lot of sellers ahead
Ross, what price are the bubbles printed on, the close? Reason I ask is the one the SPY, I see orders end, but they are below or above the bubbles. Did a a candle low or high take out that order? This is where having candles also might be useful although it gets really cluttered.
same thing when i tried to use is as a standalone ! its freaking confusing with other plans etc ! but somehow I'm a ToS user and we got a integration ! but still is a complete different way to watch the market does it help to take decisions as I position my self as a scalper maybe yes and no in a session
Hi ROSS. At the end market is an auction. So what do you think about order flow chart? Like ATAS or Sierra chart software. Because level two or time and sell moving very fast so if you can watch the order flow in every single candle And calculate the imbalance of orders ( by using ATAS or Sierra Chart ) and also watch the bookmap for future market order, this combination can can be very beneficial. What do you think about it? I am in Das simulator for next 3 months, after that I will experience the Bookmarks or ATAS/Sierra chart and choose one of them for in-depth market confirmation with my DAS.
these buy and sell orders are obvious on the chart already as support and resistance , for me I find it more confusing especially when the entire screen is red
Ross, I'm watching the video around the 43 minute time area, you're talking about the candles not being correct. Is it possible the candlesticks are set to display some kind of heikin ashi candles instead of regular candles on the chart you are using?
3k for the computer is actually not that expensive. When you trade, the computer is your tool and the better the tool, the better the trader. Don't think there's a cut off on this chart, it goes liniar from worst computer to best computer. I'm surprised you don't invest in the best setup on the market.
Looking foward to seeing more of the Bookmap tool review. I will definitely watch out for their candle stick misalignment. Was just about to buy their lifetime purchase as an investment, so good to know the sharpest trade brain is on the case. It nakes me think though....you obviously like elements of the spit ladder better than the one Bookmap has and coukd we perhaps see your Dash platform evolve in to something like bookmap but better?
![I.N "HALLUCINATION" | [Stray Kids : SKZ-PLAYER]](http://i.ytimg.com/vi/n5B5q1Hwt_U/mqdefault.jpg)
DOWNLOAD the Complete Micro Pullback Strategy PDF here 🍏 warrior.app/mini-lesson-download
Ross, this resonated with what I was wondering not too long ago about the algo systems moving the market with those buy and sell orders that get initiated and immediately pulled out? What's up with that, I thought 🤔 that was something illegal?
Please can you help me, I made a trade and I am at a loss. I want to compensate the loss with the help of your signaling..
You keep mentioning we can use this on Forex, but when I contacted my broker, Schwab (formerly TD Ameritrade), Forex does not have volume profiles or level 2 or order flows. Can please explain? Because I recall on your micro-pull back strategy you need the volume on the pullback and the level 2, however, it is not available in Forex. The broker mentioned the trades are directly with the dealer and so there is no order flow available, something like that. So can you explain how this applies to Forex and even your micro-pullback strategy using volume?
It's already integrated into Think Or Swim by the way.
Has anybody noticed that the volume data on bookmap charts are totally incorrect. Also the bid and ask sizes are totally wrong.
Ross, I swear, in all my years of watching the market, I have never had the privilege of knowing someone who gives so freely of themselves. Thank you, I would not have been able to figure that chart out, you lay it out in a few minutes! What a teacher!!!!!!!!!!!!
Seriously man, this guy goes all in.
Check out BrandonTrades. He's put out around 1000 videos. Great technical analysis applicable to day trading and a good swing trader. Good luck!
yes. i like ross and carmine rosatto. carmine is all about order flow and uses bookmap. these guys are a godsend
Agree
So true. I have been doing a lot of educational and learning from Bookmap themselves, and it has been tedious AF. Ross, distills the essentials and delivers. What a GREAT teacher, making the difficult/complex easy to understand.
I trade futures and i only use rsi, 2 emas, and pa. It's simple and easy. I just buy or sell and just manage my risk quickly on that trade.
With all those bubbles, different colored lines, graphs on the side/bottom. I know myself, im pretty sure ill be so distracted looking at the bookmap. Love my charts simple and clean. Great video btw.
Do you mind please sharering your entry crtieria ?
Which EMA do you use for futures ?
Not only was this a valuable book map lesson but it also gave me a different perspective on the Bid and Ask.
Ross is simply the best RUclips has to offer when it comes to teaching.
But he forgot to mention an important point about the bid/ask thing, only aggressive orders/traders move the market and not the sitting/resting orders in the ladder🪜..
@@andreandree4384 what if there huge orders, the ones that should not move market?
@@SleepySki-kw8pq this is called absorption. Big aggressive orders coming into the market and absorbed; prices won't mind and reverse at those levels..
I'm brand new to trading and was still wrapping my head around Level 2. But I'm an abstract artist/painter and as soon as I saw Bookmap, I thought, "Oooo, pretty! It looks like art!" And I find that I can actually understand what I'm looking at and visually see what the market is doing. Actually see it. I like that. I think this will appeal to those of us who are more visual/intuitive.
I'm glad I found you, brother. Im 38, and I've been stuck in the bluecallar rut for far too long. I'm a break into this trade one way or another. Thanks for maki g all this digestible.
I was so drawn in to what you where saying then bam you dropped it. The word FLICKER, I'll never see christmas lights the same way again, here forward I'll be reminded of buy and sell orders as the bulbs flicker.
Great oversight on Bookmap Ross, it would have taken me a long time to figure it out.
The color bars pose a challenge because I'm partially color blind. Yay we can keep the candles.
Much easier understanding it through your teachings. You did a tremendous job! You really did.
Well, I don't think I'll stop using candlestick charts just yet lol.
Bookmap isn't meant to replace candle sticks, it's just another element in the toolkit to assist in the decision making like footprint chart for instance. 😅
Thanks!
Your videos are so awesome and I have learned a lot!!
This is the bookmap video I needed.
Thank you Ross, intersting friday! Have a nice week end.
I can't get over how hard this man works to bring us free QUALITY TEACHING!
Btw, i cacked fm ur intro, saying 'Stop using candlestick charts right now...yadda yadda with ALL ur screens still having candlestick charts on your desk 🤣
Thanks a lot Ross for taking the time and goimg so detailed on Bookmap
Your videos are so valuable I'm surprised they aren't illegal. Thank you for sharing your knowledge in such an in-depth, concise way.
I appreciate you taking your time to give a quick tutorial and give your perspective on this tool. Great presentation.
Thanks Ross you really the only one that takes the time to explain this to ita full details.
I appreciate all the in depth videos, very helpful and informative, thank you Ross!
Best explanation of book map I've seen. Thank you so much!
thank you please keep us updated
Love the vids...rammed full of helpful stuff as always and great insight into bookmap for anyone..
It’s a cute gimmick in my opinion. In realtime it’s just gonna throw you off. Sometimes the levels stick and sometimes price blasts through.
Best tutorial on Book Map. Thanks Ross.
Some platforms paint candlesticks based on "Open to Close" and/or "Close to Close." My platform gives you the choice. My bet is you're platform is calculating your candles one way, and their's is calculating them the other way. (My bet is there some settings that let you chose. That's the way my platform is.)
Ross, your depth of knowledge and insights are what drew me to learning from you. I appreciate you sharing them with all of us..!
The best Channel to learn trading... Thanks Mate !
Hey Ross. Thank you for taking the time to review BookMap. This is the 2nd time I have watched this video. I am a Bookmap subscriber, however, I am still getting acquainted with the software. Your teaching is simply more dynamic, fun, and engaging than a lot of the educational videos that Bookmap has provided us. Honestly, their educational videos put me to sleep. Will you please do another Bookmap teaching/intro/analysis? I'll buy you a beer or a coffeeeee! Thanks man.
Hi,
How are you finding bookmap? I just subscribed to their sale offer, and just learned that bookmap only shows one or 2 exchanges data, comparing to nearly a dozen or so on Tradezero platform ( i am assuming rest of stocks brokers must show exact lvl2/exchanges as well). So in this case, bookmaps doesnt seem to be useable? Can you please offer some help/guidance from your experience?
💕Ross, you have given me the knowledge and confidence to return to trading, but this time, based on knowledge and your detailed expertise. There is a shortage of people like you in the world… someone who actually makes a difference for the better in people’s live, at least mine, but all the comments show there are countless of other grateful people. Thank you.
I might be wrong but I think you can adjust the bubbles from Smart Bubbles to non relative. Also, you can set a minimal and maximum on the bubbles, so it will only display ones that meet your criteria.
Yes, you can filter your volume dots in Bookmap via clustering, block trades, and aggregate amounts. For further details, consider visiting the Bookmap Learning Center and review the Getting Started Course Volume Dots videos.
After seeing this video and how you are paving the way for folks like me , when I get the money saved up I will be buying into warrior trading. I have been studying on my own for a few years and I think warrior trading will make me a successful trader. This video shows me your not stuck in your ways and are open to new technology even if its complicated.
Guess you can consider the big red blobs a sort of alternative S/R. If used with traditional S/R, a correlation might prove to be a very strong signal when considering entering/exiting a position. I actually find this new type of chart to be quite useful for a novice in trading. It might even help me become one.
If ross never taught me about level 2 I would have never used it probably and that level 2 helped and helps me alot. A very valuable tool.
THANK YOU CAMERON FOR YOUR VIDEOS LOVE YOUR CHANNEL! 🙂
Excellent video , Ross Cameron
I like your passion in teaching, Rose. Thanks
I have been literally coding the last two weeks a quick script with Python that generated the bubble graph with data from Kraken. My bubbles were relative to the selected timeframe and coded green and red, just like with Bookmap. However, my script showed "X"s for Market orders and "O"s for limit orders. I even had some idea of displaying also the order book data on the graph, but that would require a dynamic graph, and my script produced only static graphs. Also, I wanted to see other instruments, which meant to get the data from some other provider and more, much more coding. And then I found this video! Talk about serendipity! I will be happy to shelve my script and coding plans if Bookmap is as good as it looks.
I hope Bookmap can deliver to your needs! Please note, we have a Java based API, as well as a bridge for coding in Python.
Great lesson .. Thanx Ross .. You are amazing
Great teaching video Ross. Thanks !
I don't believe there is any value in L2 because, as the video shows, there can be huge sell orders that get blown straight through. Additionally, orders can be hidden.
I can't predict the market but I can predict software. I predict major charting software will be adding the level 2 heat map in the near future.
You can see the level 2 on the interactive brokers top right corner not the full thing but the last orders and it makes a lot difference. Started using webull recently. So much so I hate the way they display things, they have the level 2 on the bottom.
Wow, just thank you Ross ! Really !
thank you coach for this episode amazing how you explain it to us, actually its very difficult to work on it , but like y said they can make it easier
Extremely Helpful All Around!! Thanks
I have known Bookmap was a product for a long time. But thanks to Ross explaining the features (and his own thought process) like a was a 5th grader. Great video.
Hey Ross, been following you since forever. I believe with your scalping expertise, you would kill it in the futures market , specifically $NQ. Love to see you make the jump. Anyway, thanks for all knowledge over there years. You definitely Influence my trading career.
Thanks for the excellent explanation. May be you should get your development team to start working on exactly what you would like.
I’m looking forward to the updated, cleaner, and fresher 2.0. I think the aesthetic is worth it. Once you get used to it, I imagine it’s easier, more second nature.
Awesome, very clear, it’ll be nice Tradingview integration, if it happens. Thanks Ross.
Folks this is ALL based off of level 2 and level 2 isn't that reliable anymore. It's always got a lot of false orders mixed in with the real ones.
Just keep that in mind before you think this is the next big thing
What's the highest timeframe this can be used for. Effectively
Ross uses 10 second, 1 min, 5 min, and daily charts!
Wow, this 3 D look is totally awesome. If I could have 2 charts side by side then yes, but at first it will be very confusing.
Happy Friday Ross!
Thx Ross.. great vid 👍
Thanks for this, it was very helpful.
Ross, you are amazing! Your honesty, clarity and directness in conveying your ideas is greatly appreciated. Thank you for that. I have decided to join your basic course soon, probably by the end of May. This is when Schwab will start offering Daily Cash Account Settlement (May 28th). I already watch almost all the videos on the RUclips channel
I read that orders placed through ARCA aren’t supported and displayed in bookmap which would explain the candle discrepancies
I think there are some other routes that aren’t displayed too
Good review Tks
A congested market is a balanced market is what your really saying
great video as always
Even if you have a platform with market data, it's not all "full" enough for them. IBKR for instance looks incomplete and support said IBKR market data is not full.
Thank you! You're amazing!
Cool review! Those orders sitting there before the move happened might be GTC sell orders placed by the bagholders, but it´s certainly interesting!
Thanks a lot I love your video
Please do more videos with recaps of moving stocks and their visual representation on the HeatMap!
Yes Ross TOS just got it starting on Friday
With bookmap Ros now will make 7figures day 😎
Nice comprehens between stocks and s&p 500. I fight every day for some ticks in ES Future with all the algos. I use all the features like footprint, heatmap and volume profiles but with Quantower, it’s like Swiss knife for trading.
This dose does not work in forex volume . it does not work in forex. It's unregulated. it's only your brokers data. Not all the data
Hi Ross. Where can we download the PDF file of "How to Us Bookmap"? Thank you.
Dude, this was literally on my mind for the last week and i even made a python visualization of the data to show this (not in the exact same way, but super similar)
Your IWM example spoofing, do you think that’s how they’re stop hunting? (Flashing) Pop the market just enough to hit the close-in stops? 🤔
I was looking for this comment.
I think you're on to something
Got dangit Ross u r the goat 🐐 of trading
One of the traders I watch calls the high frequency trading algo on the bookmap the “ignition algo”
Candlestick chart is the primary weapon. Bookmap is just to confirm .....not as the primary
Thanx for your video teaching. Sincerely appreciate it. I can't find Bookmap in trading view platform. Is there another name for Bookmap? thanx in advance
Imagine .. when this huge sell or buy order is suddenly canceled .. Champ .. what will you do ... but honestly, your channel is very informative .. one of the best
Hi Ross. Bookmark is available on think or swim. $45.00 including data feed..
hai brother charts read vedios change my total treading style thank youfor doing vedios its so helpfull all treading people
Did you try "ladder option" in think or swim?
It has all these things you mentioned in this clip ,more accurate and clear.
Yes I have but you can’t change the colors so it’s good but not great.
I’m still trying to understand candle stick.
It looks like the amount of sellers doesn't matter. Yes, it's a huge amount but that never tells you how strong the buyers will be. There are always sellers. So you can't make a decision based on a lot of sellers ahead
How did you enable the histogram of the COB and SVP? I cant find that option anywhere. Maybe because I'm using the demo.
39:34 did you try “random data“ to import your data from a not shown provider?
Couldn't agree more!
Ross, what price are the bubbles printed on, the close? Reason I ask is the one the SPY, I see orders end, but they are below or above the bubbles. Did a a candle low or high take out that order? This is where having candles also might be useful although it gets really cluttered.
Wonder what you think now that you have had it for a while?
I’m still using it and find it helpful!
same thing when i tried to use is as a standalone ! its freaking confusing with other plans etc ! but somehow I'm a ToS user and we got a integration ! but still is a complete different way to watch the market does it help to take decisions as I position my self as a scalper maybe yes and no in a session
Hi ROSS. At the end market is an auction. So what do you think about order flow chart? Like ATAS or Sierra chart software. Because level two or time and sell moving very fast so if you can watch the order flow in every single candle And calculate the imbalance of orders ( by using ATAS or Sierra Chart ) and also watch the bookmap for future market order, this combination can can be very beneficial. What do you think about it?
I am in Das simulator for next 3 months, after that I will experience the Bookmarks or ATAS/Sierra chart and choose one of them for in-depth market confirmation with my DAS.
these buy and sell orders are obvious on the chart already as support and resistance , for me I find it more confusing especially when the entire screen is red
It kind of looks like a BSY1 submarine sonar screen.
If it can be read and interpreted quickly it would be a great help.
Great review thanks
Ross, I'm watching the video around the 43 minute time area, you're talking about the candles not being correct. Is it possible the candlesticks are set to display some kind of heikin ashi candles instead of regular candles on the chart you are using?
The new chart here we go
3k for the computer is actually not that expensive. When you trade, the computer is your tool and the better the tool, the better the trader. Don't think there's a cut off on this chart, it goes liniar from worst computer to best computer. I'm surprised you don't invest in the best setup on the market.
Looking foward to seeing more of the Bookmap tool review. I will definitely watch out for their candle stick misalignment. Was just about to buy their lifetime purchase as an investment, so good to know the sharpest trade brain is on the case. It nakes me think though....you obviously like elements of the spit ladder better than the one Bookmap has and coukd we perhaps see your Dash platform evolve in to something like bookmap but better?
Thank you Ross. You can't reinvent the wheel, take the time to learn candlestick charts, they are all you need. There are no cheat codes in this game.
Thanks!
I don't know about that just yet, sill new to trading.
you should use sierra charts which does the exact same thing you need