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.......
@risingsun267714 күн бұрын
Great information. New to Bookmap. Thank u.😇
@robertstefan69712 жыл бұрын
THIS IS PURE GOLD. I can't i just watched this. THANK you very much sir for posting.
@Bookmap_pro2 жыл бұрын
Glad you enjoyed it, Robert!
@emye355 жыл бұрын
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!
@PaddlePartner2 жыл бұрын
I need to watch this 10x! This is great stuff!
@Bookmap_pro2 жыл бұрын
Thanks for your kind words.
@Howdyparner10 ай бұрын
6 years later and this is still solid gold! Thank you for sharing.
@harishkumarrayasam2 ай бұрын
Wow, this is truly eye opening!!
@e.e.davila55405 жыл бұрын
excellent tutorial thank you it help me a lot to understand Bookmap
@jamboreejoseph7662 жыл бұрын
Oustanding video! Bookmap is brilliant!
@ferrariscuderia42906 ай бұрын
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?
@anupambaranwal023 Жыл бұрын
What do you mean by basic market mechanics , kindly explain with example
@MervsServiceSecrets2 жыл бұрын
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?
@desmondgorosi4007 Жыл бұрын
This is informative 🔥
@georgemavimbela5 жыл бұрын
very informative ...thank u so much
@mknight348811 ай бұрын
Is this still relevant to newer versions.
@PMM745 Жыл бұрын
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?
@deli56877 жыл бұрын
which time frame should be used
@fsvrwstegen6 жыл бұрын
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
@gmiles1194 жыл бұрын
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?
@gmiles1194 жыл бұрын
I just dawned on me....the transaction is labeled a buy or sell based on which side initiated the transaction.
@ikbo2 жыл бұрын
@@gmiles119 Yup. That is exactly what a market order is :)
@yt5555552 жыл бұрын
Every transaction is a market order being matched with a limit order.
@philipnicholson32162 жыл бұрын
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 "
@Jonathan-do4qb11 ай бұрын
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
@steveeyler2 жыл бұрын
I think it would take a few months to understand the software.
@pelechabocons Жыл бұрын
podeis poner subtitulso en español. gracias
@KenLahne23 ай бұрын
27:14 potential spoofing. if you cant delineate real orders from "potential spoofing" why even bother with bookmap?
@Bookmap_pro3 ай бұрын
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.
@KenLahne23 ай бұрын
@@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?
@gottliebjesse Жыл бұрын
Dome is spelled with an “e”
@Bookmap_pro Жыл бұрын
Here, DOM refers to 'Depth Of Market'.
@Gabe-cobalt Жыл бұрын
mkay
@HDdarthduck5 жыл бұрын
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!
@tornabuono4 жыл бұрын
I agree, Eric. Great insight!
@fritzgeraldlouis20184 жыл бұрын
Finally ,someone on KZbin 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.
@manishagrawal99302 жыл бұрын
If you don't mind may I please ask what is the best way to learn about order flow?
@haxpor Жыл бұрын
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!
@dici86342 жыл бұрын
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.
@Bookmap_pro2 жыл бұрын
Thank you for your feedback, Di.
@1Inkog19 ай бұрын
So much knowledge in that short time. Some trading coaches create a whole module for that and take thousands
@TheShadow_850 Жыл бұрын
Bruce, This is just phenomenal to see nano level trading …. Clear out all doubts and FOMO .. once you get a basic concepts of trading !!
@nandakizore1233Ай бұрын
Getting started in mid 2024 , am I late to the party ?
@Bookmap_proАй бұрын
not at all, order flow is order flow. The market mechanics have been similar to the beginning of trading.
@GeeMoneyESE28 күн бұрын
Phuck no
@nickjackson9122 жыл бұрын
The ability to visualize what is actually happening is truly a game changer. Thank you so much
@Robertmillsjr Жыл бұрын
This probably the most helpful video I’ve seen, to date. Thanks!
@dontlooseyourmind14 күн бұрын
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?
@dontlooseyourmind14 күн бұрын
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!
@michaelallen9812 жыл бұрын
I JUST SUBSCRIBED AND HAVE PARALYSIS WITH ALL OF THIS INFORMATION WOW
@Bookmap_pro2 жыл бұрын
Watch one video at a time, Michael :) Also, you can join our daily webinars to get better understanding.
@LauraLouLou5 жыл бұрын
This is Free??? Unbelievable!!! This is not a game charger, this is the Super Bowl.
@Rachel-nw2uq5 жыл бұрын
not free - only free for bitcoin
@tobiasmeier77922 жыл бұрын
Best video ever about Order Flow. Excelent!
@Bookmap_pro2 жыл бұрын
Appreciate the kind words, Tobias.
@atleeist10 ай бұрын
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.
@smartmoneyhunter4780 Жыл бұрын
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.
@gracelr-k9e3 ай бұрын
Thanks so much for sharing this! The most helpful video online! I am subscribing to the Bookmap TODAY!
@natedaag8587 Жыл бұрын
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.
@Harvles932 жыл бұрын
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!
@AbdulSami-jr8ds Жыл бұрын
What best timeframe to use this strategy or course example in cryptocurrency i like maybe working in more than 15 and or more
@perrys9872 Жыл бұрын
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
@LamontAdair9 ай бұрын
Amazing content I’m going to delve deep into this
@sheana2005 Жыл бұрын
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.
@abrahameyo40932 жыл бұрын
Thank you for your time and lectures
@Bookmap_pro2 жыл бұрын
Thank you Abraham!
@downuk4 ай бұрын
wow man great explanation thank you
@MuhammadIrshad1 Жыл бұрын
what is the meaning by "Contract"?
@Chaampiion Жыл бұрын
We can't use bookmap in forex?
@Keke-xp1ee2 жыл бұрын
At 33:50, could it be due to aggressive sells + sell stops exits (stop loss of buyers got hit)?
@johnmoney76262 жыл бұрын
Do you have a colour blind version?
@kevinlandry6463 Жыл бұрын
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?
@Bookmap_pro Жыл бұрын
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.
@Chris.Plunkett Жыл бұрын
This was excellent. I am sold.
@vasstoker4 жыл бұрын
Hi sir how can I access other part of video, do you provide paid course
@devonk2987 жыл бұрын
Nice presentation - ty
@ifitisfreeeverythingcanbet45912 жыл бұрын
Make a how-to video
@philipnicholson32162 жыл бұрын
where is part 2 ???
@1Inkog19 ай бұрын
Great, thanks
@behrouzalizadeh9646 Жыл бұрын
you are a good teacher Bruce . big thanks
@jaybavis58962 жыл бұрын
wow as a new trader this is to much to digest i just wanted to keep thing very simple lol
@Bookmap_pro2 жыл бұрын
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.
@Felipe-rl8tz2 жыл бұрын
Masterclass
@mikeallen20972 жыл бұрын
Excellent presentation. Thank you very much.
@plskumari7401 Жыл бұрын
❤
@apanamaza2758 Жыл бұрын
Sir add hit map for indian market .02
@Bookmap_pro Жыл бұрын
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
@tradingpoker13243 жыл бұрын
Excellent explanation. Thanks
@manukuczewski40284 жыл бұрын
Are there any other parts? Great content.
@TheFedosso5 жыл бұрын
At 23:04 when Algos are consuming liquidity but not lifting price is that absorption?
@rudolfhochreiter79785 жыл бұрын
Yep, absolutely. you got it Bro.
@np73104 жыл бұрын
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.
@Bookmap_pro3 жыл бұрын
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+.
@thane14482 жыл бұрын
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.
@Bookmap_pro2 жыл бұрын
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.
@thane14482 жыл бұрын
@@Bookmap_pro Thanks sir
@thane14482 жыл бұрын
@@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?
@fresh_meme_tv44593 жыл бұрын
Who´s notice he´s sayin okay 10 million times?
@k4n3704d2 жыл бұрын
It's Mr Mackey from Southpark kzbin.info/www/bejne/gaKypKWknqeipbM
@abrahameyo40932 жыл бұрын
Focus on the principle... Stop being like a cry baby
@steve3222 Жыл бұрын
Okay
@chillestonline Жыл бұрын
He's 1 taking the entire thing. Thats not even easy to do.
@IsaacSMILE Жыл бұрын
Ok bro.
@MTrades24s Жыл бұрын
Excellent video and presentation! Im a subscriber and now have a subscription