This video is a tutorial by Andrew from the Options Millionaire Community about using Bookmap, a tool for monitoring liquidity and order flow in the market. He explains how Bookmap can help traders identify key levels, order flow, and significant players in the market. Andrew also goes through various settings and customization options within Bookmap to tailor it to individual trading preferences.
He uses a specific trading day as an example to show how he tracks liquidity shifts and major orders in Bookmap to make trading decisions. In this example, he focuses on the 44.20 price level as it receives increasing liquidity and shows signs of support. The video provides insights into how a trader can use Bookmap to enhance their trading strategies.
Sure, here are the key facts extracted from the text:
1. Andrew is the speaker.
2. The topic is "bookmap."
3. Bookmap is a depth visualization tool for monitoring liquidity and order flow in the market.
4. Bookmap helps identify respected levels, real pivots, and major order flow.
5. The speaker uses Bookmap to refine and pinpoint where major order flow is in the market.
6. The speaker aims to be on the same side as the big players in the market.
7. The text mentions various components of Bookmap, including heat maps, the order book (COB), session volume profile (SVP), and cumulative volume delta (CBD).
8. The text discusses the concept of icebergs and stops as part of Bookmap.
9. Customization options in Bookmap include adjusting the display of volume dots and heat map settings.
10. The speaker uses Bookmap to track liquidity shifts and identify potential trade opportunities.
Please let me know if you need more information or have specific questions about any of these facts.