Identifying Trends With Bookmap!

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  • เผยแพร่เมื่อ 26 ก.ย. 2024
  • The only thing harder to figure out than the entry, is the exit! Bookmap is a phenomenal tool that gives us the ability to monitor the market's liquidity to determine where the price action will take us. Learn how I tie in Bookmap to my system to identify and ride trends for multiple 100%+ gains!
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    Let me know in the comments if there is anything I can improve on moving forward.
    Thanks for Watching!

ความคิดเห็น • 61

  • @Christina6552
    @Christina6552 2 ปีที่แล้ว +21

    I've definitely had the most success learning from your group compared to others. Thank you!

  • @tw1050
    @tw1050 2 ปีที่แล้ว +12

    Finding OM was the best thing to ever happen to my trading. Much love

    • @OptionsMillionaire
      @OptionsMillionaire  2 ปีที่แล้ว

      I appreciate it! Thanks for being apart of the community!

  • @nikolai2418
    @nikolai2418 2 ปีที่แล้ว +5

    I have started watching you recently, and my knowledge in day trading has grown exponentially. Your videos are super helpful and I appreciate them a ton. Thank you !

  • @MervsServiceSecrets
    @MervsServiceSecrets 2 ปีที่แล้ว +7

    Just wondering , at @03:25 you seem to disregard the limit orders beneath price which are vivid orange & yellow ... yet later at @07:25 those same orange & yellow orders appear and you use that as a signal it's going lower.

    • @jdouglas2002
      @jdouglas2002 ปีที่แล้ว +1

      Thats because anyone can look at charts that ALREADY happened and tell you what to do.

  • @DeadEternally
    @DeadEternally ปีที่แล้ว +1

    At 12:18 the 4050 demand liquidity put that that encouraged you to hold on to your puts had a size of only 191, but earlier you said you consider size under 200 -300 as light liquidity.

  • @rammaddirala6857
    @rammaddirala6857 ปีที่แล้ว +1

    Hey OM you NEED to make a video on how to use bookmap for beginners, your way of teaching is easy to understand and extremely useful when learning hard to understand topics...

  • @oscargarcia5498
    @oscargarcia5498 2 ปีที่แล้ว +2

    OM, May has been my most consistent trading month ever. Thanks to you and preaching position size. Best community.

    • @OptionsMillionaire
      @OptionsMillionaire  2 ปีที่แล้ว +1

      I love to hear it Oscar! Keep up the great work!

  • @GruntingButler
    @GruntingButler 2 ปีที่แล้ว +6

    How do you know when the orders on the book are going to act like a magnet, pulling price in their direction, versus when they would act as a deterrent, for example that 4040 liquidity that you felt it would bounce off of so you got out?

    • @losborne4872
      @losborne4872 2 ปีที่แล้ว +2

      Also curious.

    • @daveanderson8348
      @daveanderson8348 ปีที่แล้ว +2

      That's the magic of replay feature in charting platforms ;-)

    • @CreateIV
      @CreateIV ปีที่แล้ว +1

      He doesn’t

  • @sophalfx7216
    @sophalfx7216 2 ปีที่แล้ว +2

    Yes

  • @simonsaunders5098
    @simonsaunders5098 2 ปีที่แล้ว +2

    Probably the most honest trading value I've ever seen. Pls keep it up. Amazing insight. Do u have a discord??

    • @OptionsMillionaire
      @OptionsMillionaire  2 ปีที่แล้ว

      Yes. Here is the link to my discord discord.gg/optionsmillionaire and here is the link to my website theoptionsmillionaire.com/memberships/. You must be a member to access the private channels. Check us out!

  • @Bella-bm7xn
    @Bella-bm7xn 2 ปีที่แล้ว +1

    Nice I would like to use bookmap. Can you please do a tutorial about it during market hours?

  • @jamboreejoseph766
    @jamboreejoseph766 2 ปีที่แล้ว

    Oustanding video for Bookmap to candle charts! Looks like everyone in the comments has had high success following your group. Looking forward to additional content! :)

  • @zygmuntdabekjr.6267
    @zygmuntdabekjr.6267 2 ปีที่แล้ว +2

    Amazing content as always!!!

  • @HarryTradez
    @HarryTradez 2 ปีที่แล้ว +2

    So you mainly watching ETF's. What about regular stocks. Will this help also??

    • @OptionsMillionaire
      @OptionsMillionaire  2 ปีที่แล้ว +1

      I mainly trade the Indexes, but this will also work on individual tickers

  • @shawnclark732
    @shawnclark732 2 ปีที่แล้ว +2

    If you kept reinvesting (compounding) the gains you would 100x your money in those 14 trades. I did the math. $50k becomes $5mil before taxes. Even with losing half of everything in the middle in that 50% loss.

  • @MohamedIbrahim-dh5sk
    @MohamedIbrahim-dh5sk ปีที่แล้ว

    Thank u ..superb sir..How to buy it and get.knowledge for this..

  • @TheTomG100
    @TheTomG100 2 ปีที่แล้ว +2

    Wonderful explanation, Bookmap always looked like a bunch of non sense to me , not anymore, Thanks

  • @coolx9357
    @coolx9357 2 ปีที่แล้ว

    Hi OM. I am looking at your Patreon and see there are 2 different memberships. Is the first one ($25/m) if you just want alerts and some education, while the second one ($100/m) is more for full-on learning/training/mentorship along with trader alerts?

  • @hoblino
    @hoblino 2 ปีที่แล้ว +2

    This is dope.

  • @FeelGoodInspiration
    @FeelGoodInspiration 2 ปีที่แล้ว

    Thanks... very cool.

  • @jonathanabc7837
    @jonathanabc7837 2 ปีที่แล้ว

    str8 banger as usual - ec2

  • @Glimmer-t44
    @Glimmer-t44 ปีที่แล้ว

    Which exchange do you use to buy your calls/puts and how much in advance (hours/days) do you buy ? Any recommendation for a good exchange ?

    • @billel4984
      @billel4984 ปีที่แล้ว

      I believe he uses IBKR
      He does 0 dte but it's very risky..... The safest Way is 5 dte and not holding over night

  • @crypticwealth2956
    @crypticwealth2956 2 ปีที่แล้ว

    Great video

  • @HarryTradez
    @HarryTradez 2 ปีที่แล้ว +1

    What tier service do you recommend getting for Bookmap.

    • @OptionsMillionaire
      @OptionsMillionaire  2 ปีที่แล้ว +1

      I personally use Global Plus with the DXfeed and Rhytmic

  • @tnewmanla92
    @tnewmanla92 2 ปีที่แล้ว +4

    Great video OM, thanks for all that you do!

  • @ravvenhawk1110
    @ravvenhawk1110 ปีที่แล้ว

    hello
    First of all thank you very much for your efforts,
    I know it is possible to link Ninjatrader with Bookmap, my question is ; is it possible to execute orders on Bookmap and these orders will be executed and visibe on ninja?
    Thanks

  • @Maroboyy_2Ss
    @Maroboyy_2Ss 2 ปีที่แล้ว +2

    🔥🔥

  • @ruthlessluder
    @ruthlessluder ปีที่แล้ว

    Do you think Bookmap can completely replace learning to read the tape?

  • @rayan208
    @rayan208 2 ปีที่แล้ว +1

    Hey OM which data subscription do i need for Spy and Qqq , thank you for everything

  • @theratrace2153
    @theratrace2153 2 ปีที่แล้ว

    why 8 EMA and not 9 EMA?

  • @rolandkim2382
    @rolandkim2382 ปีที่แล้ว

    Does the bookmap work only for futures?? Will it work with forex and indices??

  • @ThisisLeee
    @ThisisLeee ปีที่แล้ว

    Are you using the global plus version?

  • @barnyardbrio7597
    @barnyardbrio7597 2 ปีที่แล้ว +1

    your sound is raspy,

  • @1lowtrade
    @1lowtrade ปีที่แล้ว

    how do i pull out the book map on Charles Schwab SSE

  • @manimadhav3858
    @manimadhav3858 ปีที่แล้ว +1

    excellent explanation. Very very practicals. I am new to Bookmap. But this is best video i have seen so far. Thanks a lot Mr.Trend🙏

  • @musafirikayambi6939
    @musafirikayambi6939 2 ปีที่แล้ว +1

    Thanks OM for sharing this video about book map . Very helpful informations. Regarding the boom map do you have any subscriptions package recommendations for the starters ?

  • @karimsanane1633
    @karimsanane1633 ปีที่แล้ว

    Amazing video, thank you so much for the information!!

  • @TomGun
    @TomGun ปีที่แล้ว

    Good forward looking analysis, thank you!

  • @anyoneanyone28
    @anyoneanyone28 2 ปีที่แล้ว

    Brah my eardrums are dying!

  • @carljustinemosquida9614
    @carljustinemosquida9614 2 ปีที่แล้ว

    More of this in the future....