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

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Elite Member
SF Bay Area + CA/US
 
Futures Experience: None
Platform: TS, TOS, Ninja(Analytics)
Favorite Futures: NQ CL, ES when volatile mrkts
 
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Posts: 1,660 since Oct 2011
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dom64 View Post
Thanks Paps, glad you find it interesting. I can't do without Jigsaw and really find Bookmap valuable too, so the combination of both, to me, is key. In my opinion, the fact that nothing is definite and a set rule is what makes Trading difficult and one of the main reasons why the 90/90/90 statement is probably true (90% of traders loose 90% of their capital within 90 days). From young age we are conditioned to
learn rules. If x then y or if z then w type of reasoning. Here, we have to make do with something which might be gamed (limits) and something that might or might not be what it appears to be (is a market order an "intentional" aggressive decision to buy/sell or is it just exiting a long/short position?), and make sense of this combination. Sometimes it is what it appears to be and sometimes it is not, but this is completely against what we spent our life learning. There is of course much more to it than just that limit/market realtionship, but in effect this is the only thing that makes the price move.

I wish I could tell you the HFT Candles tab is some magical indicator but I am sorry to report it is not.. Just a candle chart where I have added a number of order flow related stats that I find useful.

Cheers,

Yupp agree there is more to it than just that limit/market relationship, but in effect this is the only thing that makes the price move. If one can understand this....market structure and understanding why price is moving rather than after it moves becomes easy.

anyways glad that you said...HFT candle is not magical

will be great to see actual trade videos on how you use JS & Bkmap. I too cannot live with Jigsaw which I think is one of the most powerful OF tools.....but i also use Bkmap as it is also a fantastic tool

cheers n best

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