Unique Order Flow Phenomena
Each trader has his own, unique perspective on order flow phenomena and his own way of using Bookmap. Here is a collection of tweets showing Bookmap users responding to the market.
1. To have a personal trading philosophy is of the utmost importance if trading is your profession.
#trading is a profession. The more you take your time to learn, educate your self & then have the right tools the better you set your self up for success
— Frank Pollack (@FrankPollack70) January 15, 2019
2. In this chart, @ttwatrader noticed the bright yellow line of buy limit orders in the middle. When the price hit this line, large volume was executed
— ttwatrader (@ttwatrader) March 15, 2018
3. In this chart, @volatilityrider saw two orange/yellow lines below the price indicating buy liquidity (limit orders), and another, similar line above the price (sell liquidity). @volatilityrider went short when buy liquidity pulled and used the liquidity on the offer (sellers) to place a stop loss order, and control his risk. The take profit order was placed in an area that previously contained high liquidity.
Fading #NQ_F on US-China News Exhaustion .Most important thing is finding a good point for control your risk ,if something goes wrong. Volatility can be your best friend as your worst enemy. #bookmap #trading #orderflow pic.twitter.com/62yI2Dd1Z5
— Ivan (@volatilityrider) January 17, 2019
4. Here is another trade taken by @volatilityrider. He noticed a block of buy limit orders entered the market was put in right before the price broke higher placing a sell stop loss slightly below the liquidity this line to reduce his would have limited risk.
— Ivan (@volatilityrider) January 15, 2019
5. @ttwatrader noticed a thick, orange band of high liquidity underneath the price (buyers) acting as a support level, preventing the price from dropping. . When the price bounced higher, together with aggressive buying volume, he went long this entry was triggered. He used a the high liquidity on the offer (sellers) near the top of the chart as an opportunity to exit the trade with a large profit.
The beauty of #orderbook visualization with @bookmap_pro is that a trader can/will recognize entries and exits without guessing. @pebe187 #ES_F $ES_F #emini #Oderflow @algosystems #daytrading #trading #sp500 #emini #SPY $spy $vxx pic.twitter.com/AoKEdrfhLy
— ttwatrader (@ttwatrader) December 14, 2018
6. Look how in these charts, @fibdax used his volume profile trading method in conjunction with the liquidity seen in Bookmap to recognize opportunities.
He made the rebound, the assumptions 1 and 2 intraday compatible with those processed daily for now no change. Important support remains 52 for tomorrow . Above today’s highs, let’s see what you might expect #cl #Orderflow #Bookmap #trading #orderbook #CL_F #CL_s #marketprofile pic.twitter.com/FDlTa7Vkw9
— fibdax (@fibdax) January 22, 2019
7. In this chart, @FrankPollack70 saw a high sell liquidity for Apple stock at around 153 (indicated by the orange line). He predicted that if this line broke, the price would move all the way up to the high sell liquidity at around 154. He entered a long trade. However, the price line did not go through the liquidity, and he got stopped out. He then entered a second long after the pull back and hit his target on high liquidity at 154.
10:24 am Frank P: if $AAPL breaks 152.50 i look to get long ,below is a example why you should have a plan, define your risk, if it stops you out dont get mad😤 reassess 🤔 your plan (I was early) and wait till your opportunity comes to you. #bookmap I SAW THE UNSEEN 🙏 pic.twitter.com/BdQv9iVW2G
— Frank Pollack (@FrankPollack70) January 9, 2019
8. By watching Bookmap heatmap chart, @ttwatrader witnessed a lack of aggressive sellers appetite, price went up and with the help of high buying liquidity (marked as spoofing) caused him to go long and take profit near high liquidity at the top of the chart
— ttwatrader (@ttwatrader) January 8, 2019
9. @ttwatrader is showing how rollover is visible with Bookmap, you can see reduced liquidity on the Dec contract and an increased liquidity later on the March contract.
#ES_F Rollover. In @bookmap_pro you can literally follow the contract rollover. Compare both pics. Dec. shows a sudden drop in liquidity while Mar. ’19 contracts started to build liq. @pebe187 $ES_F #emini #Oderflow #orderbook @algosystems #daytrading #trading #sp500 #emini #SPY pic.twitter.com/0RmX5kYIeW
— ttwatrader (@ttwatrader) December 14, 2018
Share your own cases using #bookmap and we will add them to this article!