A trader executes a $5,000 futures trade in 2 minutes using Bookmap analysis. Price anchors at support, a volume spike at level 49 confirms the point of control, and 500 ticks of profit follows when buying power collapses.
And that was a $5,000 trade. You can see that the price was reacting in a support level. And when you go to the Bookmap, you can see that you have the point of control there. There's no wonder why the price is not going over that area. In one moment, the buyers lost all the power right here. The price uses the point of control as a resistance. It starts to going down. What I saw was this. The price tried to go, it breaks hard below this area, it retested, and then just went away. So this is what I was seeing in the bookmap. Exactly at 49, boom, the point of control went here. That means that a lot of volume got in the market in that moment. That was my confirmation. I got in that trade and that was a $5,000 trade. It was with 2 contracts, 2 minutes, and was 500 ticks.
