Bookmap Education Course Part 1 | Trading Order Flow | DOM | Market Depth Trading
Vložit
- čas přidán 30. 06. 2024
- 🔍 In this course, you will learn how to read the order flow and use it in trading. It covers how to:
- Understand trends using a market microstructure;
- Use imbalance in orders to forecast price moves;
- See other traders intents and understand how it affects the price;
- Differentiate exhaustion and absorption of liquidity. It helps to understand how fast the price will change its direction;
- Distinguish long and short-term liquidity, and how it affects the market;
- Spot tricks of algo traders and use it to your advantage. You will learn how to recognize spoofing and ignition.
In the end, you’ll find training exercises that will help you to consolidate the knowledge.
👉 Follow BOOKMAP
Website: bit.ly/3pCFmsB
Learn Order Flow Trading: bit.ly/3RstUxY
Discord: / discord
👍 Like the video and Subscribe
📌 ABOUT BOOKMAP
Bookmap is a cutting-edge trading platform that lets you visualize market liquidity and gain incredible insight into the order book.
Trade with confidence as you watch the market evolve in real-time at 40 frames per second. Identify market trends, discover hidden price patterns, and understand order flow like never before.
⌚ TIMESTAMPS
00:00 Intro
04:56 Terminology
07:31 How can the Order Book and Order Flow data help you?
08:27 Market Mechanics
09:31 An overview of the Bookmap Platform
11:00 Candlestick chart in Bookmap
11:26 Adding the Best Bid and Offer
12:00 Adding Volume Dots
14:00 Adding the Heatmap
15:40 Bookmap compared to a traditional DOM
16:57 Order Flow Data Integration
18:46 Why does price move?
19:56 How Level 1 Data Works
21:08 Examples of How Price Moves in Bookmap
23:08 Imbalance in the Intent of Trade
24:10 Order Book examples
26:45 Order Book liquidity on the Bookmap Heatmap
27:22 Advanced Order Flow: Depth Imbalance
27:58 Ignition Algorithm in Bookmap
29:05 More Order Flow examples in Bookmap
30:45 What is Sweeping of the Order Book in Order Flow Trading?
31:14 Sweeping of the Order Book Example
33:33 Sweeping of the Order Book in Bookmap
34:24 Advanced Order Flow concepts: What is Sweeping?
35:24 Order Book Sweep examples in Bookmap
38:15 Flipping of the Book
39:02 Why does a price trend stop?
42:33 Absorption & Exhaustion in Bookmap
46:34 What is Exhaustion in Order Flow Trading?
48:57 Exhaustion examples in Bookmap
51:25 Advanced Order Flow Concepts: Exhaustion
52:12 Price Behavior: How Price Moves
54:51 Order Flow Training exercises: Part 1
56:05 Preview of the Educational Course Part 2
56:29 Q&A
GENERAL DISCLOSURE
All Bookmap Ltd materials, information, and presentations are for educational purposes only and should not be considered specific investment advice nor recommendations. Live trading is in simulation demo paper trading mode, and strictly for educational purposes. Live trading executed in simulation cannot accurately represent realistic trading performance.
RISK DISCLOSURE
Trading Futures, Equities, and Digital Currencies involves substantial risk of loss and is not suitable for all investors. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security nor life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
#bookmap #tradingeducation #orderflowtrading - Věda a technologie
6 years later and this is still solid gold! Thank you for sharing.
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!
The ability to visualize what is actually happening is truly a game changer. Thank you so much
So much knowledge in that short time. Some trading coaches create a whole module for that and take thousands
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!
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!
This probably the most helpful video I’ve seen, to date. Thanks!
Finally ,someone on CZcams 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?
excellent tutorial thank you it help me a lot to understand Bookmap
Excellent presentation. Thank you very much.
Thanks so much for sharing this! The most helpful video online! I am subscribing to the Bookmap TODAY!
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.
Oustanding video! Bookmap is brilliant!
you are a good teacher Bruce . big thanks
I need to watch this 10x! This is great stuff!
Thanks for your kind words.
Nice presentation - ty
very informative ...thank u so much
Excellent explanation. Thanks
Best video ever about Order Flow. Excelent!
Appreciate the kind words, Tobias.
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 was excellent. I am sold.
Amazing content I’m going to delve deep into this
Thank you for your time and lectures
Thank you Abraham!
wow man great explanation
thank you
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?
This is informative 🔥
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.
Great, thanks
Are there any other parts? Great content.
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?
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.
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
This is Free??? Unbelievable!!! This is not a game charger, this is the Super Bowl.
not free - only free for bitcoin
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
Masterclass
What best timeframe to use this strategy or course example in cryptocurrency i like maybe working in more than 15 and or more
What do you mean by basic market mechanics , kindly explain with example
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.
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?
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 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.
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
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!
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
Is this still relevant to newer versions.
❤
We can't use bookmap in forex?
At 23:04 when Algos are consuming liquidity but not lifting price is that absorption?
Yep, absolutely. you got it Bro.
what is the meaning by "Contract"?
Make a how-to video
I think it would take a few months to understand the software.
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
Excellent video and presentation! Im a subscriber and now have a subscription
Welcome aboard, Mark!
where is part 2 ???
podeis poner subtitulso en español. gracias
Do you have a colour blind version?
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'.
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.
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?
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.
Who´s notice he´s sayin okay 10 million times?
It's Mr Mackey from Southpark
czcams.com/video/KqOsrniBooQ/video.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.