How to Determine Market Direction in Bookmap in Real Time | Walter Lesicar | Pro Trader Webinar

👉 Follow BOOKMAP
Website: bit.ly/3pCFmsB
Learn Order Flow Trading: bit.ly/3RstUxY
Discord: / discord
👍 Like the video and Subscribe
Explore more Pro Trader webinars: • Pro Trader Webinars Se...
▫️▫️▫️▫️▫️▫️▫️▫️▫️▫️▫️▫️▫️▫️▫️▫️▫️▫️▫️▫️▫️
🔍 ABOUT THIS WEBINAR
- Order Book studies in the DOM
- Understanding Order Book Imbalances in the auction
- Using his proprietary indicator to add confluence to his trade decision.
In this webinar, Walter Lesicar shows you how he reads the order book and looks for imbalances in order flow to provide an edge.
📌 ABOUT WALTER LESICAR
Walter has over 10 years of experience in trading. For 7 years he has focused on Order Book and Order Flow and trades only liquid markets like the ES, CL, Treasuries. His life defines his trading style. When he reaches his goals he quits. He is a passionate educator of Order Book and Order Flow based on Bookmap.
📌 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.

[@nq6417]

Would love to hear more about the levels you gain from hedge funds and options data. Sounds very interesting. Love your videos!

[@dweber00]

This video is extremely helpful. Thank you!

[@enricostucchi3562]

Thank you very much Walter fort substituting me with your very interesting webinar. I apologize for cancelling my presentation at the very last moment but here in Italy everybody is stuck in his home and domestic lines are very crowded due to large number of smart workers and Internet TV streaming connections. So, I couldn't guarantee, Bookmap data flow and audio/video streaming during a webinar. Hoping to reschedule as soon as possible. This could mean that here in Italy the outbreak situation is going better. Enrico Stucchi

[@ttwtrader]

Hi Enrico, first take care of you and your family. Trading is ok, but enjoying and embracing life is more precious than anything else. I was glad to help. Take care, bro.

[@francesco010659]

CIAO ENRICO SCUSAMI IL DISTURBO IO SONO ITALIANO E VIVO VICINO A MILANO.TI CHIEDO SE PER CORTESIA POSSIAMO SENTIRCI VIA EMAIL O CELLULARE .IO SONO UN MODESTO TRADER MA MOLTO APPASSIONATO AL TRADING ED AFFAMATO DI CONOSCENZE MA PURTROPPO NON CONOSCENDO BENE L'INGLESE HO DIFFICOLTA A CAPIRE I SEMINARI DI BOOKMAP E MI DISPIACE MOLTO .TI LASCIO LA MIA EMAIL :[e-mail] SPERO CHE TU NON SIA IN UNA ZONA D'ITALIA AD ALTA PRESENZA DI CORONA VIRUS .AUGURI .CIAO Francesco Sasso

[@Ahmathyah]

Very helpful.

[@jtFacts77]

Thank you

[@BlizzGMX]

Awesome video! Very instructional and helpful. Well done to the presenter on short notice.

[@Bookmap_pro]

Glad it was helpful!

[@SANROMANTRADING]

Great overview💪

[@rolandgoodbye-9to597]

thanks Walter for this very helpful video. would love to try this indicator out

[@Bookmap_pro]

Glad it was helpful, Roland!

[@bubblybull2463]

I’m new to Bookmap but I’m already sold. That tool is amazing! Thank you for this useful presentation Walter :) Question: Is there a way to interchange the colors on the Limit Order book imbalance indicator? I find it VERY confusing : intuitively, the more green you see, the more buying pressure there should be... Yet, it’s the opposite! Makes no sense to me... 🥴

[@itemeodem2616]

Your are questions are important, thanks. Now, the imbalance means. The Limit offer can Not Cover the market buyers. Than the price lifted. On the other side in case of a imbalance on the Bid Limits, than the sellers are so strong and hited the Limit price. I See your questions are 1 year ago and i can Not read a Kommentar from bookmap, That is Not good. Sorry for My english.

[@zoominprofit]

What's Bookmap like now that you've had for two years?

[@dariobrzovic9838]

@@itemeodem2616 thank you for the explanation, also he was talking about subtracted orders, how do they affect price changes?

[@TeamLeaderPG]

I read long ago about a DOM that would indicate somehow whether it was buyers or the sellers that were meeting price. I can't remember what platform offered this, but I think it was a futures platform.

[@russjamison9041]

When talking about orders above and below price is the green/red bars/market orders in the limit book (the orders that attack limit bids/offers) historical or in a queue? Waiting to hit the bid or lift offer? At the 1:00 mark on bottom right side of limit book green market bars opposing large red market sells to its left. Which one is executed? I know there is a delta or a portion of both market buying AND selling at any price point but was trying to get a representation of what happens to those market green buys after price continues down from market sellers hitting the bid. They should still have relevance on future price movements??? Sorry if confusing. It's probably a simple answer. Actually I think I answered my own question. Is it simply the delta of sales at any given price point?

[@magisterp7120]

Is there a booklet or book in which the most important or in-depth information is presented?

[@mattiabosotti3058]

Where i could find out these plugins?

[@dolomick]

Hope it gets working with DX Feed. Cool stuff.

[@ttwtrader]

We are waiting for the dxFeed data feed access.

[@russjamison9041]

Scenario: 500 units/one dollar of limit offers at $200 and 500 limit bids at $100. Theoretical median price would be $150? So now lets say that 20 aggressive market buys are placed and 10 market sells are placed. Price jumps to $200 to try and fill the 20 aggressive market buys and then reverses to fill the 10 units/dollars of market sells? Or does the timing/execution of the market sells/buys affect where price will be delivered first. I mean, couldn't the price delivery "hold back" and execute either of the aggressor market (buys or sells) in any direction within reason. It doesn't seem organic but rather "decided" by these computers.

[@carljoe3127]

I'm confused about the explanation of order book imbalance in the video. Walter explains that imbalance on ASK leads to price increase, while imbalance on BID leads to price decrease. I thought imbalance on BID would mean or indicate increase in demand, which would lead to price increase, while imbalance on ASK would mean or indicate increase in supply, which would lead to price decrease. That's how Bookmap explains it in this video: kzbin.info/www/bejne/aHvaepWlnNFsrqM.

[@bena1981]

Market trades towards liquidity generally

[@DragonGiveMeFire]

You're right, the way it was explained in the video is wrong. If you take all the connected instruments (ES, SPY, dem options, individual heavy stocks which are part of the index, + closely correlated sets of instruments) and somehow unite all of them into one orderbook you'll see things exactly the way you've described it. The opposite effect they've shown in the video can happen on one of the connected assets (ie on ES futures), while on others it will be the opposite. Another thing to consider is that during trends price "searches for liquidity", while during ranges it "runs from liquidity". Yet another thing to consider, is that while orderflow is kinda based on liquidity distribution, the same way liquidity distribution is based on orderflow. They mutually affect each other.

[@ricomajestic]

Well when buyers are aggressive they tend to hit the ASK more than Sellers hit the Bid and so price increases and the converse logic when price goes down!

[@gakkadguy]

But I don't think one can trade this way tick by tick ( micro second sometime) manually, you need an automated Buy Sell API which reads data and places Buy Sell.

[@zoominprofit]

Are you familiar with API to accomplish this?

[@gakkadguy]

@@zoominprofit Not yet, still researching, if I find one will post here.

[@MrShurminator]

Looks like this is a promotional video for a custom paid plugin... I failed to see how it can help to identify a market direction in real time, tbh... I learned nothing new in this video, a shame really. Also, it would be helpful if correct terms were used when talking about the order book - like absorption, etc.

[@bmoraga01]

Greatly appreciate the effort taken on short notice. Obviously a very knowledgeable and brilliant practitioner, but the presentation and explanations lack clarity for someone like myself who is new at this type of approach. A reluctant down vote, but with the hope that I will be able to return to the complexities in this video after gaining some more education on Bookmap.

[@paulburr5387]

Why would you downvote someone who was trying to help like this? You are lucky to even be looking at this information.

[@bmoraga01]

Paul, unfortunately it was a binary choice and there was no "middle door" available. It was intended as a constructive criticism on a complex topic. Having done technical presentations in the past I know that it can be challenging to communicate the subject matter with clarity, more so to an unseen audience and without a script.

[@mo938]

@@bmoraga01 there is a middle door. it's called neither liking or disliking....

[@markwinner274]

I was thinking the same exact as you but I take all the blame for not understanding this video as it is clearly made for more advanced traders that use Bookmap. so I will be looking for more basic information and I will be back to it. I still give it a thumbs up as it is valuable content that others can benefit from and eventually myself. Please don't have an entitled demeanor.

[@HominidInterneticus]

I understand the pressure people were under when this video was made. But it's kind of an important topic. Do you think you could you redo this video but with a native english speaker presenter. With an edited and well presented video. Without the real time lag non-sense where the audio/video breaks up? This was awful to sit through

[@thracian2072]

crap audio

[@nikinikster4123]

Bullshit!

[@vitatrainmalte]

What is bullshit ? A Order book ist bullshit ?

[@axelchristo9608]

@@vitatrainmalte maybe he cant afford it😂

[@basselsakr9858]

I agree

[@figh761]

waste of time .What is the use of this if it cant simply say buy or sell ...