Need a copy of Future Analytica L2Azimuth

[shorttrader]

3 hours ago, kadi said:

Use any reversal indicator with bookmap which provide L2 Data. Wait for the market to reach the liquidity zone(s) on bookmap (wallstreet cannot hide their orders). Once your indicator prints a reversal off the liquidity zone, take your trade. Again, as with anything in trading, its a probability.

Well i don’t like SL biger than 10 ticks on ES. Show me examples how you do, its easy to say u know but in realtime bookmap with small SL not really exactly… 

 

thanks

[kadi]

2 hours ago, shorttrader said:

Well i don’t like SL biger than 10 ticks on ES. Show me examples how you do, its easy to say u know but in realtime bookmap with small SL not really exactly… 

 

thanks

Easy. In picture 1...Market just opened. There is liquidity that has been sitting down there at 6280. see how price goes down there to grab the liquidity (picture 2). Now picture 3 show a reversal dot at 6280 area (circled in red). Look what happened after the reversal dot.

[shorttrader]

Market can go always lower. So what is your entry price in this example?

[kadi]

7 minutes ago, shorttrader said:

Market can go always lower. So what is your entry price in this example?

I strongly suggest to all traders to learn price action. As you can see in the picture 3. There were multiple wicks to the downside prior to the reversal dot. That shows buyers defending that level. Enter at candle close of the reversal dot candle. Stop loss below those multiple wicks. As with everything in trading....Its a probability. but when you have multiple things giving confirmation, then you have a better chance of this going your way.