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aford0040

Determining When the Book Flips

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aford0040

Hey Guys!

INCREDIBLY determined trader here. My name's Drew. Year and a half in and still having a negative capital curve. I've gotten a good trade here and there but I'm guessing I got lucky on those trades. Anywho...

 I've only recently began delving into Bookmap and I'm using the ToS version. I've only used Bookmap for today's trading session and I'm still pretty green behind the ears in using it. But I do have one question that I really want to know and that is....

When will I know when the L2 flips within Bookmap?

Is it like blatantly obvious or subtle? 

I know what it means by "flipping". The definition I know it as is the L2 had orders on one side and the orders are now on the other. (Bids disappear and asks appear or vice versa)

 

Any help is immensely appreciated and happy trading!

Drew

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mikenus

I couldn't  get the TOS free version so I subscribed to Bookmap. Using the orderbook imbalance indicator to give me an idea on the L2. The changes are reflected in real time

Mike

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