How To React To Size In The Order Book Market Depth Map BookMap And Footprint Chart

[@lkdash]

Sir those resting liquidity acts like magnets that shows us direction to trade. Your chart here from bookmap clearly shows resting liquidity idea on bookmap working well. We understand clearly support and resistance ice berg order on bookmap. Bookmap works well for stocks like tsla. Gocharting your tool clearly fails delta rise. Tsla goes up your chart shows constant negative deltas. Sierra chart Nija traders all lost customers to bookmap. Bookmap is L6 tool. Tbh its expensive as well..

[@bxnxjmin]

yeah that was pretty much the conclusion i came to using book maps. It basically just gives a false bias. It typically blows through the limit orders and then gives a reaction, a lot of the time it blows through with no reaction at all. Like it didn’t even exist. Bookmap traders think the historgram is the holy grail but in reality, it’s honestly pretty useless. In my experience. Just gives false confidence

[@SSS-0000O1]

Hey there man, great video super helpful man. Could you please share your footprint chart settings as i love the simplicity layout looks but can't seem to get similar looking results. Much appreciate it man

[@442soccer]

great video, i got a question what is setting for YM on the Order flow market depth? if you can make a video about it too that will be awesome

[@exoticbirds8461]

That is why you scale in lite and not heavy. Or you wait on what happens when price hits that heavy price level

[@darkhorse1144]

Hi Mike, thank you for posting this video, IS the Market Depth Map your proprietary software or something you can get from NT8? Is it as good as the Bookmap software? Thank you

[@nyamtullahkhan3800]

Make a indicator in gocharting like u r previous one...please...❤

[@soggysalami4654]

if every buyer has a seller and vice versa, then how exactly does that move price? and if there is a buyer for every seller, how can there be more buyers or more sellers at a certain price?

[@blitziam2105]

i bought the market at the low of the 12:05 candle. The real resting liq. was below the 12:02 candle... wont say why