Webinar: Stage 5 Bookmap (S5 Bookmap) Order Flow / Tape Reading | Trading Reviews and Vendors


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Webinar: Stage 5 Bookmap (S5 Bookmap) Order Flow / Tape Reading

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Elite Member
Christchurch, New Zealand
 
Futures Experience: Beginner
Platform: SC
Broker/Data: IB, BC, Dx Feed
Favorite Futures: US Equities
 
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Posts: 426 since Jul 2014
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lancelottrader View Post
This seems to be a really decent product, from what I am seeing. I am curious if anyone on here has had any experience using it (besides FuturesTrader71 ).

I've used it.

It's good for identifying support/ resistance, and seeing what is actually going on in the market.

Traders refer to things like pivot points, previous days high/lows, POC, VAH,VAL etc as areas of S/R. Then when those certain levels don't hold, they put it down to poor "context" etc etc. However with the likes of Bookmap you can further justify S/R, with areas where the book has physically stacked up, or where large lots have traded/ not traded. So there's less need to speculate on S/R, Bookmap helps paint a more conclusive picture.

People like FuturesTrader71 probably get alot of value from it, because they already have a profitable methodology and Bookmap helps them further validate their trades.

"Free markets work because they allow people to be lucky, thanks to aggressive trial and error, not by giving rewards or incentives for skill. The strategy is, then, to tinker as much as possible and try to collect as many Black Swan opportunities as you can"
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