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Bookmap vs Jigsaw Daytradr


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Bookmap vs Jigsaw Daytradr

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  #51 (permalink)
London
 
Experience: Advanced
Platform: NT, CQG, TT, S5, Rithmic
Trading: All
 
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Posts: 138 since Jan 2017
Thanks: 6 given, 109 received


matthew28 View Post
With Jigsaw you also right click the order to immediately cancel it. Also left click and drag to move an order, or just left click to bring up a panel to increase/decrease size, change price for that order.
There is additionally a moveable trade panel with flatten and cancel buttons. (And keyboard shortcuts)

Hi Mathew,

Bookmap's DOM and Trading Panel offers all of this functionality as well as many different customized configurations. This video gives a good overall of all of it;
https://youtu.be/ShAKNQeY7WU

regards,

Bruce
Bookmap Team

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  #52 (permalink)
Singapore Singapore
 
Experience: Intermediate
Platform: NinjaTrader
Trading: ES
 
Posts: 9 since May 2020
Thanks: 20 given, 7 received

An important feature of Bookmap that is not frequently discussed or appreciated is the API that allows for automated trading.

Many of the DOM instructors who teach Order Flow were from the pre-HFT and algo era. Now times have changed, and the tools need to advance accordingly.

Just my 2 cents.

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  #53 (permalink)
London
 
Experience: Advanced
Platform: NT, CQG, TT, S5, Rithmic
Trading: All
 
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Posts: 138 since Jan 2017
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Rainmakersg View Post
An important feature of Bookmap that is not frequently discussed or appreciated is the API that allows for automated trading.

Many of the DOM instructors who teach Order Flow were from the pre-HFT and algo era. Now times have changed, and the tools need to advance accordingly.

Just my 2 cents.

Hi Rainmakersg,

Good point, thank you. Bookmap's API is Java based and very robust. You can code your own automated trading strategies and indicators, or hire a coder. More info is on our website.

Moreover, you can sell your proprietary indicators and automated strategies on the new Bookmap Marketplace. Or purchase third party vendor's indicators as well. Lots of new opportunities and low hanging fruit for the HFT algo era, to extend on Rainmakersg point above.

regards,

Bruce
Bookmap Team

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  #54 (permalink)
Fort Lauderdale, Florida, USA
 
Experience: Beginner
Platform: NT8, Bookmap
Trading: ES, MES
 
Posts: 116 since Feb 2017
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fivewhy View Post
Basically,I'm just talking about the plunge protection team, the forces directly opposed to plunge protection team, and then the central banks. Yeah yeah, I know.

But still, I've seen volume come in just at the right time, out of no where and at the oddest time for a very targeted hit, and change the entire direction of the day. I'm telling you, I've seen it happen over and over in the last year, but a lot this calendar year.

https://en.wikipedia.org/wiki/Working_Group_on_Financial_Markets

To offer an example of what I said in the above quote, I wanted to point to today's 134pm and 138pm one-minute bar (NY Time on June 8, 2020) for ES, NQ, YM, and RTY. Big volume spike out of nowhere on "no news," and RTY was the redheaded stepchild left out of the mix.

Unfortunately, I was not watching time n sales but my view of it is this:

A number of 1k-contract lots were bought with aggressive buy orders. In the ES, we got 20,286 contracts at 134pm and 12,933 at 138pm. This about 13x and 7x times the average volume for that minute of the day, over the last 10 or 20 sessions. For perspective, the average volume for the opening minute (930am) is around 12.5k contracts, give or take. But today's volume story played out similarly for NQ and YM, but not RTY. NQ had about 5x and 4x avg vol; YM had about 7x and 5x. RTY had about 4x and 3x the normal average volume for 134pm and 138pm, but RTY's price retraced against the buying and fell below where the aggressive buying began.

Further, on ES, I saw fairly high passive sell orders at the 3015 level, but the orders were pulled as price approached. This functioned as a flag for a target to hit. When the passive sell orders were pulled and reloaded at 3020, price came to rest at 3015 zone.

Bottom line, huge unusual volume from out of nowhere. No news to warrant this volume, and certainly nothing to warrant the shear aggression in size of market buy orders.

The aggressive buying began at about 3208, which is just below the overnight high (3211). Further, price had bounced off of 3211 three times during the day (ETH and RTH together). The critical point is that IF price had bounced off of (or fallen away from) 3211 yet again, I believe the bears would have entered and taken control of the market and sent prices below the 3202, which MIGHT have influenced the direction for tomorrow. Of course, I don't know this. And today has not yet closed. But the point is, I have seen this volume-out-nowhere over and over.

If it was run-of-the-mill stop hunting, price would normally shoot back in the other direction after the wash-out occurred. But in these situations I am describing, price just keeps going in the original direction of the wash-out (long, here).

Whether you call a nefarious force or just the market being the market, it is always odd volumes at odd times but at key price levels/zones.

And to bring this back on topic, I believe Jigsaw and Bookmap are great tools to help you see these things play out and form your own opinion because maybe I'm just seeing ghosties and goblins!

PS. As to news, the only news at that time was about Occidental and that was not sufficient to explain this. And there were no tweets.

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  #55 (permalink)
Denton, TX
 
 
Posts: 12 since Jan 2020
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I'm curious to know if @Big Mike uses Bookmap? And thank you Mike for hosting the webinar on your site!

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  #56 (permalink)
Dallas TX
 
Experience: Intermediate
Platform: TOS, Motive Wave, Bookmap
Trading: CL ES ZB
 
Posts: 1 since Mar 2018
Thanks: 2 given, 0 received


Flyer873 View Post
>Don't you find Bookmap and Jigsaw's Auction Vista redundant?
The way I trade is:
1. I do Volume Profile analysis in my longer term charts to find a level where I'm interested in doing business through my homework before the market opens.

Do you have any recommendations on resources for learning Volume Profile?

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  #57 (permalink)
Gainesville, Texas/USA
 
Experience: Intermediate
Platform: OFA, Jigsaw, Bookmap
Trading: Anything that moves
 
Posts: 17 since Jul 2013
Thanks: 4 given, 48 received


krwinner View Post
Do you have any recommendations on resources for learning Volume Profile?

Learning Volume Profile is the same as Market Profile except your using volume instead of TPO's. Same concept. I learned a lot from "Order Flow Analytics" and took every one of their courses, but I think as long as you can draw a profile and understand what the profile is telling you, that is 90% of the battle. I saw that you use Sierra charts and I believe they have some pretty good drawing tools. I like doing my homework on where I think the market is going then I watch Futures Trader 71, Morad Askar on YouTube each morning and see if I was even close to what he did. So far I'm about 70% correct There are a number of guys on Twitter I follow and a lot of them are "Volume Profilers". They have been doing it a lot longer than I have and are really good at it. I've been watching a couple of guys, @doubleWideCap and @Reveretrading a lot lately and found they have a great grasp on how the market works. I suggest you find someone like these guys and see if they will give you a little insight on trading. I always thought that Market Profile was a good way to trade and it is to some extent, but I have found knowing the context of the market is more important than any indicator or chart out there and that's part of this trading I have a tough time with.
If you need anything, I don't know that much but I'll be more than happy to share what I know.
Carl Mitchell
Flyer873@hotmail.com
I'm not that far from ya. I live near Gainesville, Texas.
Good Luck.

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June 27, 2020


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