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Review for BookMap www.bookmap.com


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Review for BookMap www.bookmap.com

  #81 (permalink)
 bulge 
Dayton, Ohio
 
Experience: Beginner
Platform: TOS
Trading: GC, CL, Eurodollar
Posts: 34 since Nov 2017
Thanks Given: 25
Thanks Received: 9


Bookmap View Post
Hi Michael and Forgiven,

Thanks for the kind words about Bookmap. A new version is due out in January 2018 will address some of the issues on a more traditional DOM. Also, just to let you know, the Bookmap columns can be easily configured to display all the layouts and data types like other DOM's existing in the market today. I'd be happy to meet with you and demo these configurations if you like. Just let me know.


regards,

Bruce
The Bookmap Team

Bruce,

I've decided to give Bookmap a whirl because of the positive comments on this thread, and the fact you've said a new version is coming.

Maybe I should ask this in a PM, but is 14 days enough time to understand and evaluate the software if one has never used anything like it before?

Thank you.

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  #82 (permalink)
MichaelFlowTrader
Atlanta
 
Posts: 152 since Jan 2017
Thanks Given: 43
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bulge View Post
Bruce,

I've decided to give Bookmap a whirl because of the positive comments on this thread, and the fact you've said a new version is coming.

Maybe I should ask this in a PM, but is 14 days enough time to understand and evaluate the software if one has never used anything like it before?

Thank you.

Perhaps watch all the vids, attend all the webinars and get as much screen time as possible

Sent using the NexusFi mobile app

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  #83 (permalink)
 
Bookmap's Avatar
 Bookmap  Bookmap is an official Site Sponsor
 
Posts: 194 since Jan 2017
Thanks Given: 7
Thanks Received: 173



bulge View Post
Bruce,

I've decided to give Bookmap a whirl because of the positive comments on this thread, and the fact you've said a new version is coming.

Maybe I should ask this in a PM, but is 14 days enough time to understand and evaluate the software if one has never used anything like it before?

Thank you.

Hi Bulge,

The free 14 day Bookmap trial allows traders to understand what Bookmap is displaying, how to use the features, and begin understanding the order flow and other phenomena. The trial also allows access to our Educational Course, and Live Market Order Flow Advanced Analysis webinars. The trial gives you a good understanding of the software and education. As Michael noted below, it is a good moment to educate yourself as much as you can.

If more time is required, then maybe consider subscribing only for a 3 month period and treat this as an extended trial to continue learning at a low initial cost. This is part of the benefit to subscribing instead of purchasing something all at once. I hope this helps, let me know.

regards,

Bruce
The Bookmap Team

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  #84 (permalink)
 bulge 
Dayton, Ohio
 
Experience: Beginner
Platform: TOS
Trading: GC, CL, Eurodollar
Posts: 34 since Nov 2017
Thanks Given: 25
Thanks Received: 9


MichaelFlowTrader View Post
Perhaps watch all the vids, attend all the webinars and get as much screen time as possible

Sent using the NexusFi mobile app

Thanks for your reply. Three questions if I may:

Had you used similar software before?

How long did it take for you to understand what you were seeing?

In the beginning of your hands-on evaluation of the software, what elements of it showed value to you?

Thanks very much.

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  #85 (permalink)
 
Bookmap's Avatar
 Bookmap  Bookmap is an official Site Sponsor
 
Posts: 194 since Jan 2017
Thanks Given: 7
Thanks Received: 173


bulge View Post
Thanks for your reply. Three questions if I may:

Had you used similar software before?

How long did it take for you to understand what you were seeing?

In the beginning of your hands-on evaluation of the software, what elements of it showed value to you?

Thanks very much.


Hi Bulge,

Before Bookmap I watched the DOM but followed foot print charts more closely. I was a client of Bookmap before working with the team. I immediately gravitated to Bookmap because foot print charts did not allow me to read the levels of liquidity. I knew there was an important piece of order flow missing but the DOM seemed disconnected from the foot print chart.

For me the process of reading the context of the volume foot print charts was synonymous to reading the historical context of the order book auction in Bookmap. It is of course different, but it's the process of understanding the context of volume compared to liquidity that is similar. The more I watched the Bookmap chart, the more the context and bits and pieces made good sense. I was up and running in a few weeks, but continue to learn a bit more of the nuances everyday as well.

The heatmap or historical order book projected onto the charts immediately showed me value. So many times I would see price stop and reverse but it was unclear why. Once I saw the historical book with high levels of liquidity, then it became clear. I hope this helps you, let me know!

regards,

Bruce

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  #86 (permalink)
 bulge 
Dayton, Ohio
 
Experience: Beginner
Platform: TOS
Trading: GC, CL, Eurodollar
Posts: 34 since Nov 2017
Thanks Given: 25
Thanks Received: 9


Bookmap View Post
Hi Bulge,

Before Bookmap I watched the DOM but followed foot print charts more closely. I was a client of Bookmap before working with the team. I immediately gravitated to Bookmap because foot print charts did not allow me to read the levels of liquidity. I knew there was an important piece of order flow missing but the DOM seemed disconnected from the foot print chart.

For me the process of reading the context of the volume foot print charts was synonymous to reading the historical context of the order book auction in Bookmap. It is of course different, but it's the process of understanding the context of volume compared to liquidity that is similar. The more I watched the Bookmap chart, the more the context and bits and pieces made good sense. I was up and running in a few weeks, but continue to learn a bit more of the nuances everyday as well.

The heatmap or historical order book projected onto the charts immediately showed me value. So many times I would see price stop and reverse but it was unclear why. Once I saw the historical book with high levels of liquidity, then it became clear. I hope this helps you, let me know!

regards,

Bruce

Thanks for the additional background info, Bruce.

I find it interesting even though my question was directed at @MichaelFlowTrader.

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  #87 (permalink)
 bulge 
Dayton, Ohio
 
Experience: Beginner
Platform: TOS
Trading: GC, CL, Eurodollar
Posts: 34 since Nov 2017
Thanks Given: 25
Thanks Received: 9

@Bookmap:

If I sign up for the Advanced version of Bookmap **now** for a year (through, for example, Stage 5 Trading) - would I receive the updated version of the software (I believe you said it was coming in January, 2018) at no cost?

Thank you.

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  #88 (permalink)
 
Bookmap's Avatar
 Bookmap  Bookmap is an official Site Sponsor
 
Posts: 194 since Jan 2017
Thanks Given: 7
Thanks Received: 173


bulge View Post
@Bookmap:

If I sign up for the Advanced version of Bookmap **now** for a year (through, for example, Stage 5 Trading) - would I receive the updated version of the software (I believe you said it was coming in January, 2018) at no cost?

Thank you.

Hi Bulge,

Yes, you will receive the new Bookmap version 7 update due out mid January. It will not cost you extra.

regards,

Bruce

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  #89 (permalink)
 
amoeba's Avatar
 amoeba 
Sydney, NSW, Australia
 
Experience: Intermediate
Platform: Sierra Chart, Python, C#
Broker: Interactive Brokers
Trading: MJNK, ASX, SPI
Posts: 205 since Jan 2014
Thanks Given: 98
Thanks Received: 284

Hi @Bookmap

Is it possible to add custom cross instrument trading pairs? Or otherwise can requests be made?

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  #90 (permalink)
 
Bookmap's Avatar
 Bookmap  Bookmap is an official Site Sponsor
 
Posts: 194 since Jan 2017
Thanks Given: 7
Thanks Received: 173



amoeba View Post
Hi @Bookmap

Is it possible to add custom cross instrument trading pairs? Or otherwise can requests be made?

Hi Amoeba,

You can add cross instruments only if your broker or data provider offers them, such as the crack spread, crush spread, etc.

regards,

Bruce
Bookmap Team

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