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Bookmap vs Jigsaw Daytradr


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Bookmap vs Jigsaw Daytradr

  #11 (permalink)
 Flyer873 
Gainesville, Texas/USA
 
Experience: Intermediate
Platform: OFA, Jigsaw, Bookmap
Trading: Anything that moves
Posts: 21 since Jul 2013
Thanks Given: 5
Thanks Received: 89


Jigsaw Trading View Post
This is like Mountain Bikes.

There's never going to be just 1 brand. I like Trek, my wife likes Giant. Different people are attracted to different brands and personalities.

It's nice to be discussed in a group of 2 though.

Suck that Cannondale!

Exactly Peter!!! Exactly
How you doing? Texas is wet and boring. Its rained so much our cows are going blind. They are dragging their tail in the mud and its pulling the skin over their eyes!.....LOL
Carl....

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  #12 (permalink)
 
Jigsaw Trading's Avatar
 Jigsaw Trading  Jigsaw Trading is an official Site Sponsor
 
Posts: 2,988 since Nov 2010
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Flyer873 View Post
Exactly Peter!!! Exactly
How you doing? Texas is wet and boring. Its rained so much our cows are going blind. They are dragging their tail in the mud and its pulling the skin over their eyes!.....LOL
Carl....

Hey Carl - I am going out of my mind with boredom being locked down in Bangkok - you should book a call - probably owe you a few

On the bright side...

err....

.....


Nope - I got nothing....

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  #13 (permalink)
 
matthew28's Avatar
 matthew28 
United Kingdom
 
Experience: Beginner
Platform: Bookmap
Broker: Stage 5, Rithmic
Trading: US Equity Index Futures
Posts: 1,250 since Sep 2013
Thanks Given: 3,500
Thanks Received: 2,532



matzero View Post
Additionally I've watched Jigsaw videos and it appears that it can show volume profile not for the whole session but just for current rotation. I know there is SVP in Bookmap, but it shows values for a whole session and depending on your setup it's sometimes irrelevant

You can show the volume profile for the whole ETH session or RTH session on the DOM, or any session you specify from the sessions menu, or make your own custom session.
With Jigsaw the order book details and exact volume come from the DOM, you can have Vista open if you like. So all the information is on two windows rather than one Bookmap window. Therefore the Vista chart can be compressed to show lots of range if say trading the Nasdaq, but the DOM can still be at a size to read volume traded and the orderbook at an individual level. Bookmap on the other hand is all together so if you compress it down to see the days swings in a thin instrument, you can no longer read what is happening at individual levels because the orderbook and traded volume is consolidated. Horses for courses.

You do not win as a trader, you just get to play again the next day. If that game doesn’t appeal to you then you should not trade. Gary Norden
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  #14 (permalink)
 Flyer873 
Gainesville, Texas/USA
 
Experience: Intermediate
Platform: OFA, Jigsaw, Bookmap
Trading: Anything that moves
Posts: 21 since Jul 2013
Thanks Given: 5
Thanks Received: 89

609

When I get ready to trade this is all I look at to place and manage the trade. I watch Bookmap and place the trade on Jigsaw. Easy EASY

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  #15 (permalink)
 theprophe 
no fixed address
 
Experience: Intermediate
Platform: edgeprox,bookmap
Broker: Edgeclear
Trading: Mes
Posts: 52 since Nov 2010
Thanks Given: 49
Thanks Received: 42

thanks for the posts. I find placing trades and managing them with bookmap one of the best things besides the heatmap. Why do you find placing trades with jigsaw better?

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  #16 (permalink)
 Flyer873 
Gainesville, Texas/USA
 
Experience: Intermediate
Platform: OFA, Jigsaw, Bookmap
Trading: Anything that moves
Posts: 21 since Jul 2013
Thanks Given: 5
Thanks Received: 89


theprophe View Post
thanks for the posts. I find placing trades and managing them with bookmap one of the best things besides the heatmap. Why do you find placing trades with jigsaw better?

The simple answer is, I know how to use Jigsaw better.
The other reason is, I look at correlated markets before I make a trade. Why do you want to go long ES if you see the NQ, RTY or YM ticking down? I also look at ZN, ZB they are usually going opposite of ES. SO, if the ZN is ticking up I don't and wont go long ES. Charts and Bookmap are too big and I can look at a DOM faster. I can center all the DOM's with a click of my mouse and if I'm wanting to go long ES, I want to see NQ and YM going that direction. SO If I see NQ and YM north of center line I take ES LONG. Charts don't tell you what is happening RIGHT NOW where as Centered DOM's do. I can't get that look on Bookmap. I would need to scan 6 monitors to get the same info I have with one monitor with 6 doms. I hope that helps.

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  #17 (permalink)
 theprophe 
no fixed address
 
Experience: Intermediate
Platform: edgeprox,bookmap
Broker: Edgeclear
Trading: Mes
Posts: 52 since Nov 2010
Thanks Given: 49
Thanks Received: 42

That’s helps immensly

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  #18 (permalink)
 
josh's Avatar
 josh 
Georgia, US
Legendary Market Wizard
 
Experience: None
Platform: SC
Broker: Denali+Rithmic
Trading: ES, NQ, YM
Posts: 6,216 since Jan 2011
Thanks Given: 6,752
Thanks Received: 18,136


Flyer873 View Post
Charts don't tell you what is happening RIGHT NOW where as Centered DOM's do. I can't get that look on Bookmap. I would need to scan 6 monitors to get the same info I have with one monitor with 6 doms. I hope that helps.


@Flyer873

So, on bookmap, you can't just align a bunch of DOMs? My main screen using SC DOMs (which are quite good except for a couple of irritations) is exactly this (7 side by side).

If you don't mind answering, how is it to place and cancel orders .. easy, quick, ...?

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  #19 (permalink)
 Flyer873 
Gainesville, Texas/USA
 
Experience: Intermediate
Platform: OFA, Jigsaw, Bookmap
Trading: Anything that moves
Posts: 21 since Jul 2013
Thanks Given: 5
Thanks Received: 89


theprophe View Post
That’s helps immensly

I can't figure out how to post charts in private chat so here you go.
This is how I saw my first trade this morning. zoom up on the chart and you might be able to read the notes. Let me know. The simple truth is I drew a profile on the over night low's 2 bottom bars. When the market comes down to test the level I start looking for liquidity, Icebergs bigger volume etc to take the trade. This is what I did. Look at the time on the Bookmap chart around 8:40 and you can see 3 times we tried to get through it and each time that big buyer was there to take everything the sellers were able to sell.



610

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  #20 (permalink)
 Flyer873 
Gainesville, Texas/USA
 
Experience: Intermediate
Platform: OFA, Jigsaw, Bookmap
Trading: Anything that moves
Posts: 21 since Jul 2013
Thanks Given: 5
Thanks Received: 89



josh View Post
@Flyer873

So, on bookmap, you can't just align a bunch of DOMs? My main screen using SC DOMs (which are quite good except for a couple of irritations) is exactly this (7 side by side).

If you don't mind answering, how is it to place and cancel orders .. easy, quick, ...?

>My main screen using SC DOMs (which are quite good except for a couple of irritations) is exactly this (7 side by side).
Is that Bookmap? Cause I'm not sure what a SC DOM is. (Sorry)

I never could figure out how to place just dom's using bookmap but on the other hand I didn't spend a lot of time on it because I already knew how to use Jigsaw. Plus I have this theory that when you learn something, something has to be pushed out. I took a James Dalton course once and forgot how to change a tire.

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