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I heard recently that good traders should keep logs of data of their trades and analyze it, I keep a log but don't analyze or searching for patterns, I use the Bookmap team strategies. you right, its a lot of effort.

Hey guys I use Bookmap heat map as the main tool for my daytrading, I basically make the entries decision base on the levels of liquidity of the buyers/sellers, the CVD (cumulative volume delta) and the areas of exhaustion, I also use support and resistance lines and FA. here is an example for a...

in an intraday analysis, it looks like it has major resistance at 154.5. if it break it + volume it can run a few dollars. other option is continuing the downtrend and LH

this is the way I trade man. anyhow it's an idea...

Trading breakouts it's so 90's man. the markets evolved from that times. now you need more confirmations that the breakout is real. I use Bookmap to see clearly on the heatmap if there is an exhaustion of sellers/buyers at support or resistance and the level of liquidity for more confirmation of...

I recommend you find a better strategy and test it on demo first to find consistency then go to trade with real money. the markets are not simple. I also recommend you to check out Bookmap, it's a powerful tool that even a new trader can work good with, and tou can learn a lot from it about...

if you have a consistency in your winning trades it's time to add up

Well... patience is a virtue and a good quality for a stock market trader.

I'm not familiar with PSAR. Also english is not my native thoungh, so what doyou mean by 'lag'?

You right. Traditional DOM can be added to screen also. I'm trading stocks and just starting to trade futures- because I found the Bookmap software- so I'm not so familier with the traditional DOM.

hi. you put it as traders are using only support and resistance in the decision of getting into a position. I'm sure that this is not what the author thought about. a good trader use more indicators and technics before he press the sell/buy button so there for he doesn't has to fear the s/r lines.

Barry Rudd - Stock Patterns For Day Trading And Swing Trading didn't read it yet, but heard it's very good

the volume also can be used to see if the current price is good for sellers or buyers. the volume dots on Bookmap shows it and in that case it can give more certainty for a reversal.

The issue is at what price people will want to buy or sell, and that is what creating the reversal. Bookmap shows the price range were there is an exhaustion of buyers or sellers, which can reflect a shift in the trend.

this is a much better answer regarding the benefits of Bookmap then mine :thumbsup::thumbsup:

along with technical analysis to see support and resistance areas, a majority of sellers/buyers can suggest a reversal. Bookmap heat map shows it the best.

for me bookmap gives the best view of price movement. the ability to see prior level of large liquidity make the picture clearer. there is also the cvd feature.

it's only depend on how good you are as a trader!!! one can make money anywhere

I use the heat map in Bookmap to get a clearer view of were the area of majority buyers/sellers and check if this price will hold in accordance to past behavior.