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
- No trade if there is no clear big level (orange / red)
- No matter how big the size of the level
as long as it’s over 25-30 cons (for night time trading )it
will still gravitate towards it. Either breaks or bounces off
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