Sweet Consolidation Break and Check

A few months back I started working with Bookmap to better understand order flow.  This product does wonderful things for visualizing the order book beyond a basic depth of market or DOM.  It has made a huge difference in my performance.

Anyhow, despite operating without algos this morning I managed to catch this nice little consolidation break and work a long up through initial balance high, and I wanted to share what I was looking at.  Check it out:

This trade was one of the core ideas discussed last night during Jeff’s online investor conference.  Having this vital trading principle solidified last night already paid off handsomely. Thanks Heffe!

Also: I bought Walmart this morning for a long term investment.  The idea is the exact same as what you see above, only it is playing out on a 10 year chart, not a state-of-the-art order flow chart.  Different fractals, same core concept.  That is how I like to execute.  I booked my short biotech via BIS this morning also.  I hope to revisit this idea from about IBB $354.