Bookmap TopStepTrader - Understanding Liquidity and Order Flow

⌚ TIMESTAMPS
0:00 - Intro
1:13 - Understanding Liquidity and Order Flow
18:07 - Configuring Bookmap Settings
19:38 - Live Market Analysis & Market Mechanics
43:33 - Bookmap’s One Click Trading
48:49 - How Traders Use Bookmap
51:44 - E-mini S&P 500 Live Analysis
53:44 - CME’s Rithmic MBO data
57:11 - Q&A
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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.
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 #orderflowtrading #orderflow

[@CalmingTones317]

Bookmap completely changed my trading. I use it for quick scalps, and wow, helps me to keep losers smaller and winners bigger just being able to see who is entering the market is a game changer Easily paid my membership with my trades

[@CalmingTones317]

Also, insane to see these prices 3 years later lol Really shows the potential of the stock market

[@sankethsrimandumula6270]

How do you effectively confirm the direction of the movement using bookmap? Is there a strategy you use?

[@CalmingTones317]

@sankethsrimandumula6270 I'm a supply/demand trader, so I use bookmap to confirm my zones It also helps me see momentum in the market with the volume dots, and I'm also looking at the volume bars on the bottom of the heatmap. Example: if I see descending volume to the downside, I know that the move probably isn't legit, and I'll wait for a setup to reverse it Honestly, it took months of me just staring at bookmap for me to really grasp what's going on with it

[@benjaminheil2864]

This video is THE video to really understand how the market works, great explanation!!!

[@Bookmap_pro]

Great to hear, Benjamin!

[@lalodominguez7121]

this is incredibly informative. its a lot to take in for someone new to this like myself. but i aim to study this as much as possible. thank you!

[@cindilewis9]

Great video. I just subscribed to Bookmap through TOS and you provided a lot of insight into the details that are important for a beginning user! On to the next video!!🏃‍♀

[@JTrades136]

I trade supply and demand and this is somthing that i must have in my trading. This is gold and the best indicator out

[@mikeallen2097]

A great video and explanation, thank you.

[@ronaldrondon8695]

Very simple clear way of explaining. thank you cleared up some misconceptions of order flow for me.

[@Bookmap_pro]

Thank you for the great feedback, Ronald.

[@bahamaej]

This was absolutely amazing. Thank you for taking the time to walk through the components. I feel I have a great baseline to build off of now

[@Bookmap_pro]

Glad it was helpful!

[@andybaubau5961]

that's only a course on how price work...but you have no idea how the market is manipulated

[@ESerrano]

phenomenal - thank you

[@icdalex2117]

Very clear explanation, thank you so much!

[@Bookmap_pro]

Glad you enjoyed it!

[@busybusiness4]

Where is that Topstep Trader bookmap discount link you spoke of?

[@simonseangao6931]

love it from thailand

[@EscoPicoTrane]

Excellent video by the way. My question is what do the colors (red, blue, orange, white, yellow) represent? I am still unclear on that and why are there different colors on different levels? Thanks

[@benjaminheil2864]

One question The Heatmap is the Orderbook and the Bubbles are Times&Sales?

[@daniellara299]

might be a newbie question but if i saw in the video more green and bigger balls forming but price going down how that be possible acording to auction market theory? price is looking for the liquidity or what would it be? thank u for your time

[@martin.trading]

Heatmap has many advantages over the classical Orderbook.

[@tradingpoker1324]

Excellent explanation and video! Highly recommend. Thank you. Only suggestion is next time try to minimize the number of times zooming in and out on the chart rapidly, as it creates a little chaos visually. But excellent video, I shared it with friends.

[@Bookmap_pro]

Thanks, will do!

[@spinity8468]

Bruce, it might be nice to see your explaination on penny stocks.

[@douglasgreen437]

Very informative..

[@Bookmap_pro]

Glad you think so!

[@6joel4]

Can this be used with forex trading?

[@WickyRicky46]

💪🏾

[@hayleyoram2647]

you are insane ive made over 60gbp off it in 10minutes thank you

[@AceGibson1959]

As someone who is new to bookmapping, this is pretty dense stuff. Gotta review this many times before it sinks in,.

[@Bookmap_pro]

If you want to learn more we offer free courses on our learning center. Check the link here : bookmap.com/en/learning-center

[@Zdravko7]

When you say they pulled, isn't it possible that they just decided to trade at the market, to get some fills for certain? Technically it looks the same, but practically it means those orders actually got filled early for some or most of the part. Nice video anyway and very cool software.

[@derekwfrazier]

Nice...

[@SD-mg7np]

Is there an in depth course we can take or purchase to be able to understand this in depth? Or is there someone who can assist me in how I can use this along with my current strategy ?

[@Bookmap_pro]

Hello, you can refer to Bookmap Education Course's playlist - kzbin.info/www/bejne/aZ7ChKekac2rebM Also, you can refer to the Bookmap Features and Components' playlist - kzbin.info/www/bejne/m2ekpJd6ZsSFl5I We also have daily advanced webinars. Make sure to subscribe to our channel and tune in daily to learn about trading setups and strategies.

[@corwinstormtv9136]

We need to know what subscriptions do you have to have to trade cme products

[@Bookmap_pro]

Get Bookmap Global or Global+. Then you'll need to also get data. You can get CME Group data from our Bookmap Marketplace here, marketplace.bookmap.com/product/rithmic-mbo-data/

[@jayviz]

@22:32 you say "They have taken all the liquidity here". But they haven't. You can still see 61 orders sitting there, not Zero.

[@user-pl1cf2is4r]

this is like xray in minecraft, beautiful

[@chrisevans6988]

Is there a crypto webinar scheduled ?

[@roroguapo3]

here is a great video i found trading crypto on bookmap kzbin.info/www/bejne/gpyle6ZppNpnmMk

[@superindianbharat8880]

India data ? I want to buy global lifetime plus ,also how long would one need to train?

[@Bookmap_pro]

Indian stocks and futures will be available in the coming weeks. Keep your eyes peeled. Training can take days to months, depending on the user.

[@The_Rocky_Trading]

for which asset class is bookmap available?

[@Bookmap_pro]

You can gain incredible insight into the order book with regards to multi-assets namely stocks, futures, and digital/cryptocurrencies on Bookmap's platform.

[@0322196801221969]

Does TOS have the same features as the standalone product?

[@Bookmap_pro]

The TOS version is not as feature rich as the Bookmap desktop version, and many of the Add-ons such as Stops and Icebergs are not available.

[@jayhawk0047]

if I pay level 2 data on topstep for $39 , then do i need to pay separately for bookmap global subscription ?

[@Bookmap_pro]

Hello, Bookmap plans do not come with datafeeds you need to buy seperately. Please check out the following website to learn more on it : bookmap.com/en/packages-comparison

[@owaissheikh9073]

How to know this liquidity order is sell limit or sell stop And buy limit or buy stop

[@jmk5638]

The stop orders are usually just a level when they're triggered and don't appear in the order book. Once triggered, it'll send a buy/sell market order.

[@sergeilebedev2241]

Level III is T&S+OI+MOB. That means that every trade in T&S supplemented with new value of Open Interest after this trade is cleared. Unfortunately CME does not provide OI data after each trade. However I bet Bookmap is not ready to process Level III even from exchanges, which today provide such data.

[@kahuna2]

16:04 "We know that these guys are now long." How do you know they're not shorts covering their positions?

[@corwinstormtv9136]

Can we get simple videos explaining how to setup book map with top step accounts that’s what I’m looking for

[@Bookmap_pro]

Hi Corwin, have a look at Bookmap's Features and Components' playlist - bit.ly/BMYTFeatures

[@mikeg8343]

I would like to participate in sampling this heat map without breaking the bank, can I use it for free on ES live data?

[@Bookmap_pro]

You can try it for a month and see if you like it, else TOS also offers a cheaper but robust version.

[@kirkfarley8516]

Is there comprehensive training for bookmap? Step by step SLOWLY lol

[@Bookmap_pro]

bookmap.com/learning-center

[@samponnayya183]

i m new

[@edwardferry8247]

What happened to all these guys on Twitter ? Seems like they just suddenly stop.. a year or so ago.. ?

[@TheMrFive]

Liquidated

[@tvrqsebeats5693]

😂​@@TheMrFive

[@topdog1400]

2:58 Holy crap. Where's the price ?! 😵

[@jasonb4321]

Lol

[@danielsaun1]

I love this can't get enough trading porn. Soon I will be trading with it. This will take time to learn, and it's worth it.

[@michaelxz1305]

this is not trading porn, it's education... trading porn is watching people trade cherry-picked trades that rocket to the moon... k? lol had to add the k after watching this video

[@roroguapo3]

@@michaelxz1305 lol

[@andybaubau5961]

Even with this you will loose money...only look how you write

[@danielsaun1]

@@andybaubau5961 Hahaha yes I should have posted more objectively let me now. Great software complicated to use because trading is complicated. Pro tip if you want to see a pro use for $150 check out Scott Pulcini he is the real deal. Good luck.

[@dumitrudanielparaschiv5647]

i have extracted 0 value from this video while losing my time. I now even consider stopping my subscription

[@masterofnow1]

Everyone says “buyers are buying” or “sellers are selling” but don’t you need a seller to buy and a buyer to sell? Aren’t ALL SALES AND PURCHASES ONE IN THE SAME???

[@nomerompanlaspelotas5812]

my brother you explain the same over and over and over for 30 minutes, most things are pretty obvious, the heatmap colors we all know that, when you explained the columns on the right, all you said was "here are a lot of columns you can use", 🤣🤣well thank you, what are they brother???: how do they interact???? can they indicate direction?? if yes how??? quote counter, trade counter?? volumes on each side? we all know the COB what about the others, what are they for??????? how do these limit orders interact with market orders???? etc, etc, etc.