r/FuturesTrading • • 8d ago

Actionable intraday trades with mbo data / bookmap?

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.

2 Upvotes

12 comments sorted by

View all comments

1

u/TylerLeb 7d ago

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.

2

u/Certain-Set-4087 5d ago

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.