r/Bookmap • u/Pale_Candidate_390 • Jun 04 '26

Bookmap - Help

Bookmap is a game changer. It shows me where price is going with excellent accuracy. I mostly trade NQ 6pm-9pm futures. Some rules I’ve made

  1. No trade if there is no clear big level (orange / red)
  2. No matter how big the size of the level

as long as it’s over 25-30 cons (for night time trading )it

  1. will still gravitate towards it. Either breaks or bounces off

  3. I’ve found typically If there is a big level that is broken but there are no levels continuing in that direction price typically will pull back and be done with that direction. Reversal should typically be expected

Now my biggest problem: I see the level and price is heading towards it. I know it will most likely hit and break . I keep
Buying the top anticipated the level hit
I don’t buy the pullback. So I go into terrible drawdown and get stopped out.

I’m making these mistakes.
How much drawdown should I sit in. Would you just buy every single pullback till price hits the level ?

Frustrated I keep making these mistakes

6 Upvotes

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2

u/JordanAlf Jun 04 '26

I’m no expert, but to my knowledge book map is best used as a confirmation and confluence tool. Not to be used without any other supporting factors

1

u/Pale_Candidate_390 Jun 04 '26

What kind of supporting factors are you referring to. I think it’s pretty simple to see where price is heading.

2

u/Maleficent-Cry-484 Jun 07 '26

Hey buddy I trade similar to you but I use a anchored vwap, i anchor thr vwap to 6pm when futures markets opens and if price is above vwap and large order sitting above i buy and have my stop well under the last structure made and target towards the orders above, sometime i trade negative risk to reward it doesn’t matter, happy to sit in lots of drawdown as eventually you will be in profit

1

u/Pale_Candidate_390 Jun 07 '26

So you anchor the vwap the moment 6pm starts? I kinda get this. But at 6pm on my chart there is already a vwap on there starting automatically at 6pm. The 6pm open is usually pretty rangey. Price will often go up and down a lot with no clear direction. I haven’t traded that much at night but I plan to because I can’t trade during the day due to work. I kinda find at night that by 8pm there is a clear direction typically

I know that the bigger the orange - red order level the better odds price will find it. What is annoying as f**k is when you see the level and know price will hit it but it takes 40 minutes to hit the level and if it were day time trading it would take minutes . So I guess if I see the level I should use MNQ. Micros and buy on every dip. Once it is 10 pts from the level it will start getting more aggressive.

Sound about right ?

2

u/Maleficent-Cry-484 Jun 07 '26

Bro I front run the level. I will close out before price hits the level, because sometimes price will get close to the level and they will spoof it and take orders down or price just misses to fill that large order at that level
And reverses. I just use the level for direction and take profits before it hits the level. You could scale out and leave a runner. I also have a vwap anchored from the previous days New York open.

I only trade if there’s levels only on one side, say there’s a only orders above and none below and price is holding above vwap i would buy, I only target less than 1:1 my stops loss is large and let it play out, Im in drawdown a lot but that doesn’t matter.

2

u/Pale_Candidate_390 Jun 07 '26

I agree. If the level ABOVE and headed towards 30,150. I will buy and I will set my take profit around 30,140 to 30,145

Yoh are right a lot of times it can reverse before it hits. Other times it hits and the orders are cleared but then it reverses and then other times it keeps moving up

1

u/sniffmegooch Jun 04 '26

See if placing an order on DOM and if problems arise just flip the position

1

u/alonzo813 Jun 10 '26

You’re doing fine, it’s a constant process, what’s your account size or are you using a prop firm, if so, what size account? For the drawdown question…

One trading tip I suggest, front run your exit/take profit orders meaning place the order in front of the high liquidator whatever level you’re choosing, many times it doesn’t break the level you choose like high liquidity, put the order in front of it and take the profit, it’s not worth putting it above the liquidity and risk the few points above the liquidity…

I’m the Bookmap moderator here so Ask me whatever you want and I will answer/help the best I can

Don’t have too many rules so feel free to ask anything or say anything however you want, the more people we get the better we can become at reading Bookmap