I use BookmapData the tool give a lot of real time insight directly from cme group unlike indicators which typically lag behind. They have an education link to learn how to properly use the heat map and any related tools on their platform.
I have a strategy that has been consistently been giving me 0.5% a day. I call it 'the leech'.. I identify a trend - macd+gator oscillator, and get in when I have double confirmation. Take profit is at a 0.00060 price difference. I do that with every pair I find this setup for the day and close my trading platform.
@@AndersenTrades Its pretty much a 100% if i follow the rules. Anytime i add something else, change the timeframe or try to do something fancy, i blow up my testing accounts. You can try it out for yourself: 1H timeframe 1. MACD crossover (standard crossovers for buy and sell) 2. Green Gator Oscillator (both above and below the line) If both of those are present at candle close I go in according to the MACD crossover. take profit is at 0.00056 price difference (So SELL on 1.071156, take profit at 1.0711088, since my broker has a 0.00012 spread). I only increase the position size, and watch the trades just in case (not very disciplined in this regard). As i said in my first comment: It's a bottom feeder approach. I get in, lick off the food scraps from the floor and get out before someone comes with the RAID spray. I do not trade if something funky is going on with the market, or around news.
@@greengardens1565most brokers have level 1 T&S/TickStream(Tradovate) which allows you to see aggressive market orders hitting the bid/offer which itself can give you more of an edge. However being able to see passive big buyers and sellers would put you in an even greater edge
Oh, on Quantower, there is something called "power trades" and you get to filter the major orders entering the market, and see how it impacts the market too So I would filter 50+ cons, and the candle would highlight however much those big orders moved the market, a pretty interesting feature
in other words inside that fair value gap orders were placed also I can guarantee there is almost no volume inside that candle.. You can check this with volume profile if you want. No need for these crutches. Level 1 Data is all you ever need :)
@@gillesashley9314 me personally I didn’t like. I’m not saying it can’t work for someone else tho. I couldn’t stand all the spoofing. You would see big red levels where there are resting orders and when price starts to move towards it, the orders get pulled and disappears. I didn’t like that at all
@@mikeyslife241 trading is all about spoofing, they try to make it as difficult as possible to predict direction , its difficult but not impossible at all
Technology advances, you don't go to wall st and start screaming out your orders, right, I mean, your computer is just some shiny toy with that logic. Why not use something more convenient, we don't have to look for these levels in the DOM anymore, now we get to see when orders get removed/moved around instead of remembering levels.
Okay. What about the countless times when price blasted throught it? If it was that simple and always worked that way, it would have never been accessible to the public.
We have a free tier subscription that allows users to view Bookmap with live crypto data for 1 instrument, and delayed data for dxfeed. You can find out more about the free of charge subscription on our comparison page - bookmap.com/en/packages-comparison
Heatmap shows the orders yet to be executed. Volume profile shows the orders have been executed. Both cannot guarantee what the next move will be. Trading is nothing more than glorified gambling. Nobody knows for sure if the trend will continue or change, not even the insider traders.
@@jameslinmdyeah no shit mate otherwise everyone would be rich🤯 doesn’t mean you can’t make a comfy living out if it. I’d rather be called a gambler by a nerd on RU-vid than be broke
@@teey1287 if your definition of making a comfy living is betting on momentary highs but sinking lows most of the time, be my guest. Better be a nerd on RU-vid than an impulsive gambler living on the la la land.
@@jameslinmd failed traders are always so bitter it’s hilarious lmao. What exactly isn’t a gamble in life? All the business owners millionaires and billionaires out there did they not take a gamble? Was it 100% certain that their businesses would succeed and they wouldn’t lose any money? Are you 100% certain you won’t get in a crash and die the next time you get in your car? But yeah let’s all work some shitty 9-5 with someone telling us what to do and what time to go home just just because there’s a risk we might lose some money😂 what a pathetic way to live your life I feel sorry for you
@@teey1287 it's hilarious to hear some rambling fool commenting on the success rate of being a gambler when it is a common knowledge that only 5% of people can make a living off of it. Keep gambling your money away with overwhelming low odds of "success"🤣 No. Nobody expects getting into a car crash because the odds are much, much lower. 😆
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I don't think we currently support instruments from Malaysian exchanges. But, please reach out to support@bookmap.com for confirmation. You could also put in a request and we may consider adding this data provider.
Head map is like walking in a battlefield full of deactivated and activated mines and you dont know witch ones are on and off spoofing ruins headmap big time I rather watch price action
It's all rigged. The algorithm engineers liquidity. It tries to maintain efficient price and all good entries are at premium and discount of the current dealing range
Hi Mohan, you can opt for Bookmap in the Indian market - Nifty/BankNifty. For more details, visit bookmap.com/hi and get started with NSE Level 2 (5 levels of depth) here - bookmap.com/members/signup/qYdiflmGr
