Help -indicator to show limit order transactions

[kavalan]

That is fantastic, what version of BM is that?

 

To see a limit order of 2000 contracts you don't need bookmap, a simple level 2 indicator or a basic dom with all the limits availables is enough. The only advantatge about, bookmap, vista, smartbook, Obi is that they plot historical values and you can remember levels where this big limits were, but nothing more special

[marcus70s07]

Crystal clear explanation Kavalan !!

 

To see a limit order of 2000 contracts you don't need bookmap, a simple level 2 indicator or a basic dom with all the limits availables is enough. The only advantatge about, bookmap, vista, smartbook, Obi is that they plot historical values and you can remember levels where this big limits were, but nothing more special

[oscarbull1505]

Good Morning Friends

 

An Update in Corn Futures, the same level of yesterday http://screencast.com/t/eMednIxfKdle the trigger, and my confirmation http://screencast.com/t/T6Mbdo2hQo Bookmap 4.5. Have a nice day and best regards.

[oscarbull1505]

That is fantastic, what version of BM is that?

 

Bookmap 4.5 my Friend

[oscarbull1505]

Hi Oscar,

do you know the best way to learn Bookmap...I know they have youtube channel...can you please advice if someone wants to learn how to trade using bookmap from the begining how they should start and progress ???

 

Hi Lululee

 

In Bookmap page there is a section for education with many videos to learn how to use it, is very easy.

 

Best Regards

[xioxxio]

oscarbull1505, please could you share version 4.5

 

Much appreciated.

 

Regards

[oscarbull1505]

oscarbull1505, please could you share version 4.5

 

Much appreciated.

 

Regards

 

Hi Xioxxio

 

Sorry but I have lifetime license.

 

best regards

[trellis]

Large market orders are usually split up and "sprayed" so they're unrecognizable. For example, a 100,000 contract order might be split up in 100+ contract lots (1200, 900, 1500, etc.) over a few minutes. Orders are transmitted in nanoseconds these days, so that 100k contract order could be transmitted in one second but be displayed as 100 separate orders.

[vit007]

From today CL trading . Market hit limit orders and reversed.

 

http://i67.tinypic.com/9bhsgl.jpg

Edited April 15, 2016 by vit007

[⭐ SignalTime]

Large market orders are usually split up and "sprayed" so they're unrecognizable. For example, a 100,000 contract order might be split up in 100+ contract lots (1200, 900, 1500, etc.) over a few minutes. Orders are transmitted in nanoseconds these days, so that 100k contract order could be transmitted in one second but be displayed as 100 separate orders.

 

trellis,

actually there is a limit of 18000 and change limit on es at any given time for the entire firm's position. so no one corner the market.

[admis]

Jane, your PM box is overfilled...

[⭐ Meow]

Hey vit007, I'm trading CL too and your charts looking interesting. What indis and bars are you using?

 

From today CL trading . Market hit limit orders and reversed.

 

http://i67.tinypic.com/9bhsgl.jpg

[snaiper-x1]

Jane, your PM box is overfilled...

 

yes no progress for messages, take care of this

[Traderbeauty]

Jane, your PM box is overfilled...

 

sorry-

fixed it.

[trellis]

there is a limit of 18000 and change limit on es at any given time for the entire firm's position. so no one corner the market.

 

I just picked an arbitrary number to exemplify how large orders are divided up by institutional traders. I was told the only rule they must follow is that they must submit their orders in round 100 contract lots such as 100, 500, 800, etc., to distinguish themselves from retail traders who can submit any odd number, 102, 316, etc. Plus they can route their orders anonymously in various ways, through dark pools, etc.

 

A friend who has access to Bloomberg's terminal (an amazing platform) showed me the thousands upon thousands of orders rolling through every second. He was laughing about the retail traders with their measly pc's who claim they can spot "whale" orders on the DOM. It was a real eye opener!

 

We small fish can learn to read price action but actual order flow? - forget it.

Edited April 15, 2016 by trellis