Bookmap Lessons: A Trade-by-Trade Journal

Well, it’s been a while, but here we go again!

I’ve transitioned to futures trading, primarily focusing on currency futures—or more accurately, learning, not actively trading yet. This journal will document all the trades I take to help me stay focused on quality trading, regardless of whether the outcome is a profit or loss.

The main objective is to follow the process and avoid all impulsive decisions. I’m mostly scalping for a few ticks, with a focus on order flow trading combined with price action. I’ve found that Bookmap is the most advanced order flow tool, perfectly aligned with my trading style. It has helped me understand what other market participants are doing, enabling me to make more informed decisions and see things I previously couldn’t.

Starting with small, achievable goals:

Goal #1 – Complete 10 trades while strictly following the process.
Completed on 02-Dec-2024.
Stats : 7 (Followed Process), 3 (Impulsive)

Goal #2 – Complete next 10 trades while strictly following the process.

I will update this journal as I work toward achieving this goal.

— Reserved for future updates —

#Trade - 1

Bearish flag pattern

So this was a trade from 25th November, 2024 on 6EZ4. Identified a bearish flag pattern and traded it. Took a very small portion of the move, but followed the process. Thats very important, did I follow the process? - Yes

#Trade -2

27-Nov-2024 on 6EZ4
Rejection from recent Support and CVD divergence

Bookmap is amazing but so expensive. I loved it when I had it. Look forward to your performance.

#Trade - 3

28-Nov-2024 on 6EZ4
Break of Micro resistance and entry with pullback

#Trade- 4

28-Nov-2024 on 6EZ4
Buying delta at swing low with CVD divergence

That's true! But when there's a tool is offered for free then we are the product.
Thanks, feel free to criticise or input feedback anytime. I am open to learning.

#Trade- 5

29-Nov-2024 on 6EZ4
Rejection at recent support and absorption

#Trade- 6 (Impulsive Trade-1)

29-Nov-2024 on 6EZ4
Price stalled followed by CVD divergence
I traded on impulse, opened the platform and saw this, without much assessment I made an entry.
Implulsive trading to avoid at all cost.

I was a hyper scalper, I liked to reactively trade around the market order bubbles and limit order lines, as well as read the tape when I used BookMap. My trades were around 1 to 5 seconds.

#Trade- 7

02-Dec-2024 on 6EZ4
Rejection at recent support and absorption

#Trade- 8 (Mistake), 9 & 10 (Impulsive trade - 2,3)

I went into the market prepared, marking the chart for the right entry and waited patiently. Then I missed the entry for some reason.
Then it became a series of events.
Well I hope its a lesson learnt.
The good thing is i finally managed to pull myself out of the chart!
Engaged myself writing this journal and log the mistakes. To keep myself accountable to the future me.
There's always another day, numerous opportunities to make profit.
Get back in the right mindset next time.

If you're making so many bad (impulsive) trades, why don't you consider reducing your lot size? Or simplifying your chart template perhaps? It looks quite complicated now. Impulsiveness is just a surface reason, so it could be a good idea to dig deeper to find the actual reasons. Cheers.