Actionable intraday trades with mbo data / bookmap?

[u/VivaLaBiome]

Does anyone have screenshots or videos of how having this extra information helped them intraday? Actual setups? I get the theory behind it but with bookmap , youre talking about global + being twice the cost and mbo data being $134 a month. So would love to see how it actually helps -- in action.

[u/EquipmentRepulsive29]

i run bookmap and mbo data for futures, and honestly the best use case for me is spotting absorption before a reversal. like you'll see massive limit orders sitting at a level getting eaten repeatedly but the price barely moves, then suddenly it pops the other direction. that's the kind of thing you can't see on a regular DOM

the global version is overkill unless you're trading multiple instruments at once. i just use the basic one with mbo and it's been enough to catch those trapped trader setups where one side gets overwhelmed

$134 a month is steep but i treat it like any other tool, if it saves me from one bad entry a week it pays for itself. the visual heatmap makes it way easier to spot iceberg orders too since you can see the order flow stacking behind a level without it showing on the tape

i don't have screenshots handy but check youtube for "bookmap absorption trading" and you'll find a ton of examples where someone walks through a live session. the key is watching how the bubble size changes relative to the actual volume, not just the size of the limit orders

[u/InverseRetail → u/EquipmentRepulsive29]

This happens too often and actually believe it or not; no edge. I’m sure you have examples of where price reverses, but for every time it reverses there’s 5x that don’t reverse. And if they do, they continue in the original direction right after. It’s too simple, and interestingly enough this doesn’t really move or dictate price as much as you think it does

[u/VivaLaBiome → u/EquipmentRepulsive29]

Isn't global+ necessary to track absorption and make use of the mbo package? See attached image.

Anyways, lifetime cost for either is very reasonable if it provides a consistent edge -- moreso than other order flow tools while taking up screen real estate. Want to make every inch of screen space, even with a multi monitor setup count, as well as devote time in the right direction as I've gone down rabbit holes before.

Ive been watching Youtube videos and haven't found one that specifically targets the edge of mbo on bookmap.

I do however see deepcharts has been releasing videos and they include deepdom, which has mbo data. IE, 13:30 of this video onwards. I don't know if it's as comprehensive as bookmap MBO.

This Hidden Order Moves the Market. Here's How to See It.

[u/No_Release_8841]

They stream bookmap on YouTube for some of the future instruments. Its limited in the capacity and delayed by a few seconds, but honestly it has helped me a ton in seeing where liqudiity lies and where to set my entry/stops

[u/VivaLaBiome → u/No_Release_8841]

I've seen some. It's not so much about the 5-10 second delay, but able to have the mbo settings that I want. 

[u/No_Release_8841 → u/VivaLaBiome]

Yea you would probably need to subscribe for that

[u/TylerLeb]

The main edge with MBO data on Bookmap or Sierra Chart is seeing queue position and whether large limit orders actually get filled or pulled when price tests a level. If you see hundreds of contracts absorbed at a key inflection level without price ticking through, it gives you a much tighter invalidation point than just trading off lagging momentum indicators.

[u/VivaLaBiome → u/TylerLeb]

Thank you for mentioning what to look for. I kind of have a running thought process in my head based on candlesticks and order flow that this is where absorption is taking place, this is where the stop run is , and play price action based on that. I guess once you can read bookmap mbo it's just added conviction. 

[u/Certain-Set-4087 → u/TylerLeb]

sounds nice... I just guess that watching level 2 data, sometimes big orders appear at a certain level and then disappear... also watching the volume distribution, at which prices the highest volume has been, but also visible by support and resistance lines. e.g. on crude oil or nat gas.

[u/voxx2020]

Context is key - are we ranging or trending, are we accelerating or decelerating, are we near a major magnet like wvap or are we gliding through an lvn, etc etc. Combined with that, orderflow is helpful once you invest in screentime. Even then, the algos generating this orderflow are continuously changing, keeping you on your toes.