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Webinar: Real-world Order Flow Strategies & Setups w/Scott Pulcini & Bookmap


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Webinar: Real-world Order Flow Strategies & Setups w/Scott Pulcini & Bookmap

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  #11 (permalink)
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Everyone,

Do you have questions specifically about Bookmap?

Visit Bookmap's AMA thread:



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  #12 (permalink)
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Everyone,

There were a huge number of questions in this webinar. I've posted a bunch of them in @Bookmap's AMA thread, so the Bookmap specific questions can be answered and discussed there.



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  #13 (permalink)
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The video is not active yet? I clicked on it and it will not play.
Thanks.

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I totally agree. Exactly same set of circumstances for me. I attended the FIO presentation a few weeks ago and was looking foraward to some real insight but came away disappointed. I was also not very happy that some unrelated software and chat room were thrown into the mix. If BookMap and the MBO based indicators are so good why does he / we need this other stuff?


whuffo View Post
I don't want this to come across as too negative but I was a bit disappointed in the webinar. I attended the previous one that demoed Bookmap and their MBO tools. It was impressive and interesting enough that I subscribed to Bookmap and the MBO package on a monthly basis to try it out. I was very much looking forward to this as 90 minutes of real-world use of the tools. It was clear that the previous webinar was a sales pitch and it was well done for that purpose.

But the first 25 minutes of this webinar were a re-hash of what native iceberg orders were, how much it cost, that the sale on the MBO package went to the end of June, why Bookmap and MBO were the best thing since sliced bread, etc. I even posted a question asking when we were going to get to using it in the real world. About that time, Scott did switch to his examples. I don't know if that was because of my question or would have happened anyway. It really doesn't matter.

When Scott did start with real world examples, they were appropriate and his explanations were very good. But since so much time was used by the sales pitch, it seemed a bit rushed. He mentioned several times that he uses BM and MBO in conjunction with the TAS tools and showed some screenshots of them, but he never explained in enough depth (to my old brain) how they worked together and what he was looking for.

I've spent my professional life in the software business and understand what it takes to sell a SAAS (software-as-a-service) package. Part of it is pitching and acquiring new customers and the second part is making sure they STAY customers because they know how to use your tools effectively. I appreciate it that Bookmap (and FIO) put this on and it was definitely useful, but it could have been much more so if it was focused solely on the education of the users in the best way to use it effectively.

I hope this is considered constructive criticism because that is how i meant it to be. I look forward to future webinars and really appreciate FIO hosting them.


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  #16 (permalink)
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@ScottPulcini,

The following are some of the questions during the webinar. If any of these merit a written response in addition to any response already given in the video, please reply for the benefit of all members reading and searching for answers:

(note: I am posting the "for Scott" questions below -- the Bookmap specific questions got posted to their AMA thread. I may duplicate a small number of them if they apply to both... Also, there were a fair amount of general comments/feedback so I left those in, they aren't necessarily questions)



looking foreward to Scott's screen saver of i think Sedona AZ, place i know

Bruce cheeky one but please can you possible do soem screenshots laters of Scott's settings and ideally do a pdf etc and share on tomorrows webinar or something?

damn i love listening to this guy! we need a round of golf soon Scott!

Scott - curious please how many screens you run in your trading rig?

Scott any rough rough cost $ for the new training material pls?

great great session guys

catch up soon! and nice hear the birds still singing!!

Wetradedesk is amazing!

How are the stop runs detected and their figures calculated?

What about his iceberg settings and why?

will you talk about the massive negative imbalance in the liquidity tracker today (and this week). The numbers are many orders of magnitude higher than usual, i think my MBO is old and buggy my numbers are waaaaaay different than what Scott is showing, in the millions. i pinged you an image on twitter, it was the LT imbalance, i think i have an old buggy version

How do you get the number for stops and iceburgs to appear on those verticle axis exactly? I can't get both to appear on different verticle axis

Do you teach stock trading as well

can you filter imbalance by order size? Only looking at the imbalance of large limit orders?

if you wanted to do stock, is there a way to figure what an iceberg would be for stock?

Scott also wanted to address the Liquidity Tracker, didnít he?

Does Scott keep track of icebergs from previous sessions?

Scott has cloud notes on his screenshots: Is he using it to track the icebergs? Can we subscribe to the url?

Great to hear Scott once more, even when in Europe is night, thank you Bruce.

this is the best webinar ever!

the bubbles are agressive buyers and sellers... the orders in the order book are limit orders, i.e. passive buying and selling...
those cloud notes are from spotgamma... he showed them in a webinar with Walter Lesicar the other day.

this is so good!

thank you so much, Scott... fabulous webinar!

how zoomed out are your charts normally

What are the settings for stops, icebergs, & liquidity ?

Can you seperate the S-I and the imbalance? Into two different sections?

Could you define a stop run, I understand iceberg

what are the thresholds for ZN and ZB?

Has Scott successfully use this trading CL?

What timeframe is Scott using on ES?

WHAT ABOUT SCOTT'S COURSE?

It would be nice to get into the stop/icebergs . . .

is the liquity tracker the difference between the total 10 bids and totals at the 10 offers?

Hi! I use S-I and I want to clarify me about that: when I see an iceberg buy order (above zero line - expo reset setting) , I thougth that CVD will be rising. But in reality the CVD is falling. Can you show us an example with both of them (S-I and CVD) and explain the relationship between ... Thanks!

Is this applicable to indivudual stocks?

what are the spheres?
how fast does your Internet service need to be for this to work w/all other programs for trading?

Doesn't order flow allow you to see this too?

Can you please show how to get into a trade using this tool

retail traders find these costs high until they earn money

Is the new Bookmap Marketplace Rithmic data feed including R Trader Pro account? Meaning I can connect this Data feed through API to more than one charting soft (e.g. Bookmap and Multicharts)? Or is this Data feed solely for Bookmap? I am just trying to see if I can use this data on two softwares that support Rithmic simultaneously

Great seminar, most importantly with PRACTICAL examples. I just continue to be shocked why other platforms have not picked it up yet. EDge won't last long. Make money while it lasts!

are these bubbles plotted on chart before it hits that price or after?

I see you have TOS, how to combine or use both Bookmap and TOS?

Hi this would work with market profile side by side ....

Is there anything else I would need to subscribe to ... ie what I am seeing on the webinar

Sorry if this has been asked - taking lots of notes! (This is great!). If I just want to watch the market with Bookmap to see icebergs, etc. and play out and not place any orders, do I also need Rithmic or just bookmap?

This presentation has been amazing. Many thanks to Scott, and Bruce.

The Bubbles are the iceberg orders?

why is market profile starting at 8:30?

Do you have an ETA on the Bookmap Cloud service?

Could you please specify what stops are? How Bookmap is tracking those data? Stops are stop orders?

Does this system work only day trading or longer periods as well?

is this manual trading or an automatic trading ?

How long has the MBO been available to retail traders? When did this come out?

How would you distinguish BM from foot print?

Is that delta?

when is your course coming

The mbo data of rithmic is the normal rithmic data or you have to pay an additional?

whats the tresholds for NQ?

what is the difference between his numbers being different on the iceberg and stop scale?



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  #17 (permalink)
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How to get Bookmap, MBO Bundle, & Rithmic Data
(all 3 are required in order to get CME MBO data in Bookmap)

Bookmap Global or Global+ Specials (both work with MBO Bundle)
Note: These are specials offered from Scott Pulcini
https://bookmap.com/members/aff/go/Scottpulcini?i=19

MBO Bundle - 50% discount thru June 2020 for $89
(includes S-I Tracker, Liquidity Tracker, Advanced T&S)
https://marketplace.bookmap.com/product/mbo-bundle-beta-version/?utm_medium=video&utm_source=vebinar&utm_campaign=MBO-Bundle&utm_content=FuturesIO-webinar-Scott

Rithmic Futures Data Feed - https://marketplace.bookmap.com/product/rithmic-mbo-data/?utm_medium=video&utm_source=webinar&utm_campaign=MBO-bundle&utm_content=FuturesIO-webinar-Scott

Scott Pulcini - Contact Info
Website: https://www.scottpulcinitrader.com/
Email: scott@scottpulcinitrader.com
Twitter: @ScottPulcinitr1
Trading Room: https://www.wetradedesk.com/

MBO Resources
Bookmap S-I Tracker blog article - https://www.bookmap.com/blog/bookmaps-stop-iceberg-tracker-with-mbo-data/?utm_medium=video&utm_source=webinar&utm_campaign=MBO-Bundle&utm_content=FuturesIO-webinar-Scott-mbo-article
Bookmap Glossary - https://www.bookmap.com/knowledgebase/docs/KB-Help-Glossary
CME website link - https://www.cmegroup.com/education/market-by-order-mbo.html

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Terra View Post
I totally agree. Exactly same set of circumstances for me. I attended the FIO presentation a few weeks ago and was looking foraward to some real insight but came away disappointed. I was also not very happy that some unrelated software and chat room were thrown into the mix. If BookMap and the MBO based indicators are so good why does he / we need this other stuff?

You don't. In fact, you don't even need Bookmap, Jigsaw, or any other expensive order flow software, just an understanding of order flow and how to see resting orders on a chart. Iceberg orders, stop runs, and the like are easy to see when you know what you're looking for, no special software needed, except numbers bars, which you get in Sierra Charts.

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  #19 (permalink)
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FAQ's following Scott Pulcini webinar @ futures.io

Pricing related questions. Here is what is required to access the MBO bundle:
  • Bookmap Global or Global+
  • Rithmic subscriptions (either for single CME exchange at a cost of $39/mo or the bundle of all CME exchanges for $99/mo purchased in the Bookmap marketplace).
  • The MBO Bundle (sold separately via Bookmap marketplace)
  • 50% discount is available until the end of June. Those who buy at that discount will continue with that recurring subscription price.

Can you trade from the Bookmap Chart?
Yes. a subscription to Bookmap Global+ is required. You can trade right from the chart or via the DOM.

Does the MBO bundle work with Stocks?
The MBO bundle only supports CME futures only. We plan to do some research learn how to apply to stocks

Rithmic related questions
Rithmic data supports full depth / all price levels. You can choose to connect directly to Rithmic or via the API of Rithmic R-Trader Pro, which will allow you to connect to multiple platforms from a single connection. This way you pay Rithmic and CME only once

Ninja related questions
You can connect Bookmap via the API of NinjaTrader. However, Rithmic data via Ninja does not support MBO

Stops related questions
Stops transactions can be identified with our proprietary Stops & Iceberg Tracker. To read more, take a look at the following article.

So is the legacy iceberg indicator accurate for a quality data feed such as Rithmic?
The Bookmap legacy Iceberg Detector displays synthetic/heuristic icebergs for all data feeds and futures exchanges, however, false positives may exist. Native CME icebergs are displayed with 100% accuracy using Rithmic and the Stop & Iceberg Tracker.

I think my MBO is old and buggy, my numbers are waaaaaay different than what Scott is showing, in the millions. i pinged you an image on twitter, it was the LT imbalance, i think i have an old buggy version.
Please make sure youíre using the latest version of Liquidity Tracker (click here to download). Please note, once open Bookmap, the Liquidity Tracker begins aggregating the LT output, thus your reading will be different than others. If you have any issues with it, please reach out to support@bookmap.com

Can you filter imbalance by order size? Only looking at the imbalance of large limit orders?
Yes. The Liquidity Tracker Pro included in the MBO Bundle enables you to filter both market depth and orders that are above certain size.

Is the liquidity tracker the difference between the total 10 bids and totals at the 10 offers?
Yes, however, you can filter for 10 levels as many as you prefer.

How do you get the number for stops & Icebergs to appear on those vertical axes exactly? I can't get both to appear on different vertical axis
There are different settings for the Stop&Iceberg Tracker that allow you to synchronize the axis Please read this article. Please reach out to support@bookmap.com

Can you separate the S-I and the Liquidity Tracker into two different sections?
No, all indicator outputs are plots within the same sub chart panel.

Does bookmap have any plans to add audio alerts with user specified thresholds for SI values
Yes.

Hi! I use S-I and I want to clarify me about that: when I see an iceberg buy order (above zero line - expo reset setting) , I thought that CVD will be rising. But in reality the CVD is falling. Can you show us an example with both of them (S-I and CVD) and explain the relationship between ... Thanks!
That is correct. The SI tracker goes up when a passive buy iceberg order is triggered. To learn exactly how each indicator works, I suggest you zoom in and look on a single trade. This way you can see how each trade affects the indicator.

What are the spheres?
The volume bubbles / dots represent the traded volume / transactions. The default configuration of it is to show the delta (total buyer aggressors minus total sellers)

Can I place orders in Interactive Broker via Bookmap?
Currently Bookmap supports only trading of stock via IB.

How fast does your Internet service need to be for this to work w/all other programs for trading?
You need to have a stable internet connection with speed of at least 50Mbit/s

Can we pick other brokerage firm for trading?
Bookmap can be used to visualize market data and for trading. To trade from Bookmap you need to have Global+ and connect to one of its supported connectivities. Here is a list of Rithmic supported brokers.

So what is the main difference with Global and Global Plus packages?
Global Plus enables trading through Bookmap and additional addons. To learn more see the comparison table.

I see you have TOS, how to combine or use both Bookmap and TOS?
We are working with TD Ameritrade to offer Bookmap and are currently in testing. Bookmap will be an integral part of TOS. Release dates are unknown at this time.

Hi this would work well with the market profile side by side?
Yes, Bookmap works very well in parallel with market profile and displays unseen elements from market profile, such as the order book auction.

Sorry if this has been asked - taking lots of notes! (This is great!). If I just want to watch the market with Bookmap to see icebergs, etc. and play out and not place any orders, do I also need Rithmic or just bookmap?
Yes. If you wish to use the MBO bundle, you need to have Rithmic.

Do you have an ETA on the Bookmap Cloud service?
Not yet.

Does this system work only day trading or longer periods as well?
Bookmap records and plots the entire order book data on the chart historically, thus allowing you to use Bookmap for higher time frame trading as well.

Is this manual trading or an automatic trading?
Bookmap supports both.

How long has the MBO been available to retail traders? When did this come out?
CME MBO data has been available for about 3 years. Bookmap launched the MBO bundle in April 2020, a bit less than 3 months
How would you distinguish BM from foot print?
Suggest you read the following article.

What are the thresholds for ZN and ZB?
It depends on your trading time frame and your settings. You will need to determine your thresholds. Suggest you use Bookmap in replay mode as well.

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seattle7 View Post
Whuffo wrote: "I don't want this to come across as too negative but I was ... disappointed in the webinar. ... [I]t could have been much more [useful] if it was focused solely on the education of the users ...."

I would like to suggest to Scott that he do an experiment, namely:
* Forget for the moment that he is Scott and the presenter of the webinar,
* Make like he is a typical guy without a whole lot of trading experience and trying to get what he can out of a trading webinar,
* Listen to a playback of his webinar, and
* Ask himself during and at the end of it, "How much am I getting out of listening to this, and how do I feel listening to it?"

My impression is that Scott was presenting his webinar as if to an audience of equally experienced traders, an audience of "Scotts." I would respectfully suggest that Scott slow down, take things one step at a time, do a fair amount of repetition, vary the tone of his voice, slow down some more, meet his audience at their level, and in essence become a more effective teacher. Clearly, Scott has something to say; I just think he could say it in a way that would be more useful to his audience.

Thanks for the constructive criticism but the webinar is geared towards the retail trader as I state in the broadcast. In fact, I use specific examples that I say my 9 year old daughter can discern some of the setups so at no point was it directed at highly experience traders. I also take time to explain what stop runs and iceberg orders are. I also was talking fast, not varying the tone of my voice, etc because I had a lot of information to get through in the 60 min timeframe as well as answer some questions.

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