STOP Using Basic Candlestick Charts! These NEW Charts Are 10x Better
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- Опубликовано: 9 май 2024
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Warrior Trading // Ross Cameron // Day Trade Warrior 
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DOWNLOAD the Complete Micro Pullback Strategy PDF here 🍏 warrior.app/mini-lesson-download
Ross, this resonated with what I was wondering not too long ago about the algo systems moving the market with those buy and sell orders that get initiated and immediately pulled out? What's up with that, I thought 🤔 that was something illegal?
Please can you help me, I made a trade and I am at a loss. I want to compensate the loss with the help of your signaling..
You keep mentioning we can use this on Forex, but when I contacted my broker, Schwab (formerly TD Ameritrade), Forex does not have volume profiles or level 2 or order flows. Can please explain? Because I recall on your micro-pull back strategy you need the volume on the pullback and the level 2, however, it is not available in Forex. The broker mentioned the trades are directly with the dealer and so there is no order flow available, something like that. So can you explain how this applies to Forex and even your micro-pullback strategy using volume?
It's already integrated into Think Or Swim by the way.
Has anybody noticed that the volume data on bookmap charts are totally incorrect. Also the bid and ask sizes are totally wrong.
Ross, I swear, in all my years of watching the market, I have never had the privilege of knowing someone who gives so freely of themselves. Thank you, I would not have been able to figure that chart out, you lay it out in a few minutes! What a teacher!!!!!!!!!!!!
Seriously man, this guy goes all in.
Check out BrandonTrades. He's put out around 1000 videos. Great technical analysis applicable to day trading and a good swing trader. Good luck!
yes. i like ross and carmine rosatto. carmine is all about order flow and uses bookmap. these guys are a godsend
Agree
Well, I don't think I'll stop using candlestick charts just yet lol.
Not only was this a valuable book map lesson but it also gave me a different perspective on the Bid and Ask.
Ross is simply the best RUclips has to offer when it comes to teaching.
Thank you Ross, intersting friday! Have a nice week end.
thank you please keep us updated
Your videos are so awesome and I have learned a lot!!
I appreciate you taking your time to give a quick tutorial and give your perspective on this tool. Great presentation.
Extremely Helpful All Around!! Thanks
Love the vids...rammed full of helpful stuff as always and great insight into bookmap for anyone..
I appreciate what you do Ross, you share all this knowledge that helps so many beginners like myself.
This is the bookmap video I needed.
Great teaching video Ross. Thanks !
Ross, your depth of knowledge and insights are what drew me to learning from you. I appreciate you sharing them with all of us..!
I'm glad I found you, brother. Im 38, and I've been stuck in the bluecallar rut for far too long. I'm a break into this trade one way or another. Thanks for maki g all this digestible.
Thanks for this, it was very helpful.
Thx Ross.. great vid 👍
Thank you! You're amazing!
Thank you for the review.
Great lesson .. Thanx Ross .. You are amazing
Thanks a lot I love your video
Awesome, very clear, it’ll be nice Tradingview integration, if it happens. Thanks Ross.
The best Channel to learn trading... Thanks Mate !
THANK YOU CAMERON FOR YOUR VIDEOS LOVE YOUR CHANNEL! 🙂
I appreciate all the in depth videos, very helpful and informative, thank you Ross!
I like your passion in teaching, Rose. Thanks
great video as always
Best explanation of book map I've seen. Thank you so much!
I was so drawn in to what you where saying then bam you dropped it. The word FLICKER, I'll never see christmas lights the same way again, here forward I'll be reminded of buy and sell orders as the bulbs flicker.
Great oversight on Bookmap Ross, it would have taken me a long time to figure it out.
The color bars pose a challenge because I'm partially color blind. Yay we can keep the candles.
Much easier understanding it through your teachings. You did a tremendous job! You really did.
Your videos are so valuable I'm surprised they aren't illegal. Thank you for sharing your knowledge in such an in-depth, concise way.
thank you coach for this episode amazing how you explain it to us, actually its very difficult to work on it , but like y said they can make it easier
Excellent video , Ross Cameron
Happy Friday Ross!
Thanks Ross you really the only one that takes the time to explain this to ita full details.
Good review Tks
Thanks!
Wow, just thank you Ross ! Really !
Best tutorial on Book Map. Thanks Ross.
I trade futures and i only use rsi, 2 emas, and pa. It's simple and easy. I just buy or sell and just manage my risk quickly on that trade.
With all those bubbles, different colored lines, graphs on the side/bottom. I know myself, im pretty sure ill be so distracted looking at the bookmap. Love my charts simple and clean. Great video btw.
Do you mind please sharering your entry crtieria ?
Cool review! Those orders sitting there before the move happened might be GTC sell orders placed by the bagholders, but it´s certainly interesting!
Couldn't agree more!
Got dangit Ross u r the goat 🐐 of trading
Please do more videos with recaps of moving stocks and their visual representation on the HeatMap!
I'm brand new to trading and was still wrapping my head around Level 2. But I'm an abstract artist/painter and as soon as I saw Bookmap, I thought, "Oooo, pretty! It looks like art!" And I find that I can actually understand what I'm looking at and visually see what the market is doing. Actually see it. I like that. I think this will appeal to those of us who are more visual/intuitive.
Hi ROSS. At the end market is an auction. So what do you think about order flow chart? Like ATAS or Sierra chart software. Because level two or time and sell moving very fast so if you can watch the order flow in every single candle And calculate the imbalance of orders ( by using ATAS or Sierra Chart ) and also watch the bookmap for future market order, this combination can can be very beneficial. What do you think about it?
I am in Das simulator for next 3 months, after that I will experience the Bookmarks or ATAS/Sierra chart and choose one of them for in-depth market confirmation with my DAS.
Thanx for your video teaching. Sincerely appreciate it. I can't find Bookmap in trading view platform. Is there another name for Bookmap? thanx in advance
If ross never taught me about level 2 I would have never used it probably and that level 2 helped and helps me alot. A very valuable tool.
Thanks for the excellent explanation. May be you should get your development team to start working on exactly what you would like.
Ross, what price are the bubbles printed on, the close? Reason I ask is the one the SPY, I see orders end, but they are below or above the bubbles. Did a a candle low or high take out that order? This is where having candles also might be useful although it gets really cluttered.
I've been looking forward to this video! Does the warrior dash software offer access to level II and times & sales?
But they do have a simulator that gives that
Hi Ross. Where can we download the PDF file of "How to Us Bookmap"? Thank you.
Ross, you are amazing! Your honesty, clarity and directness in conveying your ideas is greatly appreciated. Thank you for that. I have decided to join your basic course soon, probably by the end of May. This is when Schwab will start offering Daily Cash Account Settlement (May 28th). I already watch almost all the videos on the RUclips channel
Great review thanks
Yes Ross TOS just got it starting on Friday
One of the traders I watch calls the high frequency trading algo on the bookmap the “ignition algo”
I might be wrong but I think you can adjust the bubbles from Smart Bubbles to non relative. Also, you can set a minimal and maximum on the bubbles, so it will only display ones that meet your criteria.
Yes, you can filter your volume dots in Bookmap via clustering, block trades, and aggregate amounts. For further details, consider visiting the Bookmap Learning Center and review the Getting Started Course Volume Dots videos.
Wow, this 3 D look is totally awesome. If I could have 2 charts side by side then yes, but at first it will be very confusing.
Ross, I'm watching the video around the 43 minute time area, you're talking about the candles not being correct. Is it possible the candlesticks are set to display some kind of heikin ashi candles instead of regular candles on the chart you are using?
How did you enable the histogram of the COB and SVP? I cant find that option anywhere. Maybe because I'm using the demo.
Did you try "ladder option" in think or swim?
It has all these things you mentioned in this clip ,more accurate and clear.
Yes I have but you can’t change the colors so it’s good but not great.
Is there anyway to use heat map and the data for buy/sell orders to implement a different type of scanner system that can detect a big move about to happen? That would be sweet and you would have a product that would break the market.. $$$$
Sorry I missed it, where can we access the bookmap charts?
Where can I get this platform
You can see the level 2 on the interactive brokers top right corner not the full thing but the last orders and it makes a lot difference. Started using webull recently. So much so I hate the way they display things, they have the level 2 on the bottom.
Ross, does this on ES?
same thing when i tried to use is as a standalone ! its freaking confusing with other plans etc ! but somehow I'm a ToS user and we got a integration ! but still is a complete different way to watch the market does it help to take decisions as I position my self as a scalper maybe yes and no in a session
I can't predict the market but I can predict software. I predict major charting software will be adding the level 2 heat map in the near future.
Ross, what do you mean the algos will take your money every time?...Then why even trade? Please elaborate. Thank you
The new chart here we go
are you saying all pre post market auto orders like stop loss or bracket orders because mine go through just have to choose gth+pre post trading schedule for your order
Looking foward to seeing more of the Bookmap tool review. I will definitely watch out for their candle stick misalignment. Was just about to buy their lifetime purchase as an investment, so good to know the sharpest trade brain is on the case. It nakes me think though....you obviously like elements of the spit ladder better than the one Bookmap has and coukd we perhaps see your Dash platform evolve in to something like bookmap but better?
I have known Bookmap was a product for a long time. But thanks to Ross explaining the features (and his own thought process) like a was a 5th grader. Great video.
Can I get this indicator on trading view
Your IWM example spoofing, do you think that’s how they’re stop hunting? (Flashing) Pop the market just enough to hit the close-in stops? 🤔
I was looking for this comment.
I think you're on to something
Iv also noticed that Fidelity candle stick charts are different than Traderview (sometimes a green candle on Fidelity will show as a red candle on Traderview.
I don't know what to thick about that.
you should use sierra charts which does the exact same thing you need
hai brother charts read vedios change my total treading style thank youfor doing vedios its so helpfull all treading people
thank you Ross for all you do for us traders...i am a membert thak you this is by far the best video on book map
I think it's an innovative tool that really is in it's infancy, so I'd expect some tweeking in future iterations.
Dude, this was literally on my mind for the last week and i even made a python visualization of the data to show this (not in the exact same way, but super similar)
I’m looking forward to the updated, cleaner, and fresher 2.0. I think the aesthetic is worth it. Once you get used to it, I imagine it’s easier, more second nature.
I don't know about that just yet, sill new to trading.
💕Ross, you have given me the knowledge and confidence to return to trading, but this time, based on knowledge and your detailed expertise. There is a shortage of people like you in the world… someone who actually makes a difference for the better in people’s live, at least mine, but all the comments show there are countless of other grateful people. Thank you.
39:34 did you try “random data“ to import your data from a not shown provider?
Hey Ross, been following you since forever. I believe with your scalping expertise, you would kill it in the futures market , specifically $NQ. Love to see you make the jump. Anyway, thanks for all knowledge over there years. You definitely Influence my trading career.
Hey I'm still learning, so I was wondering when people say a sale is not guaranteed, ..so when it's green and you want to pull out to take the profit, it's not for sure you got the money??? Or what? Hope some one can chime in🙏
Tried once, couldn’t get it to work. Can you create a step by step on how to set it up?
His video yesterday was about using indicators, and he explained that he doesn't change the settings. He wants to see what everyone else is seeing
It kind of looks like a BSY1 submarine sonar screen.
these buy and sell orders are obvious on the chart already as support and resistance , for me I find it more confusing especially when the entire screen is red
After seeing this video and how you are paving the way for folks like me , when I get the money saved up I will be buying into warrior trading. I have been studying on my own for a few years and I think warrior trading will make me a successful trader. This video shows me your not stuck in your ways and are open to new technology even if its complicated.
What would you consider a big sell order on a hot stock trading 10s of millions of shares?
Thank you sir
Depends on the float, anything above 20-50k shares would be a large order.
What about hidden orders and Darkpools?
A congested market is a balanced market is what your really saying
I need level3 data so i can see where the stop orders are and exploit them ☺️
Bookmap does not include level 2 data from all exchanges so you are missing all market depth from Arca and not seeing a complete picture.
If you can't make money using candlestick charts, switching to something else isn't going to change that reality.
I have been literally coding the last two weeks a quick script with Python that generated the bubble graph with data from Kraken. My bubbles were relative to the selected timeframe and coded green and red, just like with Bookmap. However, my script showed "X"s for Market orders and "O"s for limit orders. I even had some idea of displaying also the order book data on the graph, but that would require a dynamic graph, and my script produced only static graphs. Also, I wanted to see other instruments, which meant to get the data from some other provider and more, much more coding. And then I found this video! Talk about serendipity! I will be happy to shelve my script and coding plans if Bookmap is as good as it looks.
I hope Bookmap can deliver to your needs! Please note, we have a Java based API, as well as a bridge for coding in Python.
I don't believe there is any value in L2 because, as the video shows, there can be huge sell orders that get blown straight through. Additionally, orders can be hidden.
Even if you have a platform with market data, it's not all "full" enough for them. IBKR for instance looks incomplete and support said IBKR market data is not full.
Ross, do you ever feel like the level 2 is being manipulated? Example 100k order pops up 10 cents below the current ask, this causes many buyers to jump in, but the price doesn’t change. The large order disappears after a minute , and the price falls. Could that order have just been put there to provide liquidity for a big seller? I feel like I see this happen quite often.
The market makers move orders , what they are doing is baiting to false breaks and that's the tough part because we ride the wave, but they also can change the order for benefits that's why you can see the order and then it dissapear