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Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
This is the webinar @FuturesTrader71 referred to in his webinar this week. There were a lot of questions on bookmap. This is the webinar that you will not want to miss if you want a detailed look at bookmap and orderflow.
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
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 ).
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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