Can any one recommend a course that teaches you how to read the footprint | Trading Reviews and Vendors


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Can any one recommend a course that teaches you how to read the footprint

  #23 (permalink)

Membership Temporarily Revoked
London, UK
 
Futures Experience: Master
Platform: sierra chart, Jigsaw Trading, Bookmap
Favorite Futures: 6E futures, Cable
 
Posts: 93 since Aug 2012
Thanks: 3 given, 123 received


Wartrace View Post
I really appreciate the video you posted dom64; it was very informative. One thing you did for me is clear up what it means when there is heavy volume on both sides. I ran into a similar situation this week in the 6E. I took a trade when I should have realized it was an area where there is temporary agreement on price.

To me the footprint is just a visual representation of previous trades on the DOM. It is a lot easier to see the imbalances and exhaustion on the footprint. With Jigsaw I tend to start seeing absorption on the DOM first but it's nice to see it visually on the footprint as well.

Thank you very much for making and posting the video.

You are most welcome, glad you find it useful. There are additional elements to look at when watching the footprint but this is what I find useful.

All the best.

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