Number bars vs bookmap - Sierra Chart | futures io social day trading
futures io futures trading


Number bars vs bookmap
Updated: Views / Replies:438 / 2
Created: by yamin2000 Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Number bars vs bookmap

  #1 (permalink)
Trading Apprentice
Saudi Arabia
 
Futures Experience: None
Platform: hhg
Favorite Futures: hhh
 
Posts: 21 since Apr 2014
Thanks: 17 given, 1 received

Number bars vs bookmap

Hi
I trade stocks only and I use bumber bars ,but because sc do not offer market depth for stocks trying to use bookmap.
Does using bookmap going to be big difference than number bars and easy to use?or waste of money
Ty

Reply With Quote
 
  #2 (permalink)
Elite Member
Christchurch, New Zealand
 
Futures Experience: Beginner
Platform: SC
Broker/Data: IB, BC, Dx Feed
Favorite Futures: US Equities
 
Neo1's Avatar
 
Posts: 425 since Jul 2014
Thanks: 471 given, 475 received


yamin2000 View Post
Hi
I trade stocks only and I use bumber bars ,but because sc do not offer market depth for stocks trying to use bookmap.
Does using bookmap going to be big difference than number bars and easy to use?or waste of money
Ty

Bookmap is more for order book/ quote visualization, where the numbers bar study represents real volume traded. They are like night and day.

Bookmap for equities is a new product. No one else in the retail space offers a real order book visualization tool for Equities, however, Bookmap for equities currently has several limitations.

-There is a 10 symbol limit at one time.
-They are only displaying quote data from Nasdaq Totalview. In order to paint an accurate picture of the order book you really need additional data from the likes of CTS/CQS Consolidated Trade/Quote System( NYSE), BATS: BYX, BZX, EDGA, EDGX etc
-FINRA dark pool volume is not displayed

*Bookmap for equities has lots of potential because they have partnered up with Dxfeed, who are arguably superior to the likes of Barchart( SC), and IQ feed.

*Sierra chart could offer a superior market depth product if they were partnered with DxFeed, however, they are not, and will not.

"Free markets work because they allow people to be lucky, thanks to aggressive trial and error, not by giving rewards or incentives for skill. The strategy is, then, to tinker as much as possible and try to collect as many Black Swan opportunities as you can"
Reply With Quote
The following user says Thank You to Neo1 for this post:
 
  #3 (permalink)
Trading Apprentice
Saudi Arabia
 
Futures Experience: None
Platform: hhg
Favorite Futures: hhh
 
Posts: 21 since Apr 2014
Thanks: 17 given, 1 received



Neo1 View Post
Bookmap is more for order book/ quote visualization, where the numbers bar study represents real volume traded. They are like night and day.

Bookmap for equities is a new product. No one else in the retail space offers a real order book visualization tool for Equities, however, Bookmap for equities currently has several limitations.

-There is a 10 symbol limit at one time.
-They are only displaying quote data from Nasdaq Totalview. In order to paint an accurate picture of the order book you really need additional data from the likes of CTS/CQS Consolidated Trade/Quote System( NYSE), BATS: BYX, BZX, EDGA, EDGX etc
-FINRA dark pool volume is not displayed

*Bookmap for equities has lots of potential because they have partnered up with Dxfeed, who are arguably superior to the likes of Barchart( SC), and IQ feed.

*Sierra chart could offer a superior market depth product if they were partnered with DxFeed, however, they are not, and will not.

Thanks for the best answer

Reply With Quote

Reply



futures io > > > > Number bars vs bookmap

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)
 

Brett Steenbarger: Current Best Practices of Best Traders

Elite only

CME Group: Futures & Bitcoin

Elite only

Ran Aroussi: TBA [special time 11AM ET]

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Review for BookMap www.bookmap.com Big Mike Trading Reviews and Vendors 92 January 12th, 2018 08:37 AM
high bid in number bars yamin2000 Sierra Chart 6 June 25th, 2017 05:21 AM
Tick Size for number bars yamin2000 Sierra Chart 3 June 7th, 2017 10:17 AM
Webinar: Stage 5 Bookmap (S5 Bookmap) Order Flow / Tape Reading Big Mike Trading Reviews and Vendors 8 April 16th, 2016 08:48 AM
Number of Bars that pass by ginx10k NinjaTrader Programming 2 January 3rd, 2014 12:34 AM


All times are GMT -4. The time now is 10:44 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2018-02-22 in 0.09 seconds with 19 queries on phoenix via your IP 54.90.119.59