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

  #31 (permalink)
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Wartrace View Post
In your opinion what does Bookmap have to offer a trader over Jigsaw? Since Jigsaw has added a similar feature (Auction vista heatmap) it looks very similar to bookmap. I have just started using the heatmap with Jigsaw.

I agree with your statement "It depends on the context. There is no "rule". Either liquidity is pulled and price goes through, or it remains and depending on the volume and momentum of marker orders, it either reverses.. or goes through.. I know this is not useful info but there is no right/wrong answer. You can easily take a chance and risk very little with a tight stop, so not very risky trades with decent potential reward."

Just because there is absorption happening doesn't mean the market will reverse. Once you get burned once or twice it is a lesson learned. I think it is wise to let it play out and like you say enter with tight stop.

Hey Wartrace, fine tuning and various setups are much more detailed and granular on Bookmap. I love jigsaw but at the moment the heatmap is not as good as Bookmap, hence my choice to have both, but everyone is different and someone else might think differently.

I might do a video on what I use Bookmap for precisely but I don't want to be completely out of subject or highjack this file which was initially a review of Footprint training if I am not wrong, so I would need to do that on a different file or create a new file, I am not quite sure what is best, I don't want to be a nuisance!

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  #32 (permalink)
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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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  #33 (permalink)
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Posting a link i personally found useful when I wanted to understand how a LOB really works.
I had found this a while back while exploring R and LOB.

There are various links posted by the author of the article. I found it comprehensive and found greater meaning when I was told by one of my mentors how the Limit/Market orders may be working. Though I do not have R or the infra the author has shown in the article. I go back to this article many times.....and always get some added info. This has been a great link for me to refer. Though educational in nature and points to other articles....the author has imho done a great job in liiustrating the inner finer workings of the all illusive Limit Order Book "LOB".

Limit Order Book Visualisation


cheers

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  #34 (permalink)
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also perhaps a link which was at sometime posted by @Silvester17 since OP wanted to know more on footprints. i dont use FPs currently so am not sure....but i think it was posted by @Silvester17 and if so might be a good resource

I am not sure if this has been discussed or if helpful to some Footprintchart.com ? Learn Footprint Charts and How to Read Order Flow may want to check out

cheers

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  #35 (permalink)
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dom64 View Post
Hey Wartrace, fine tuning and various setups are much more detailed and granular on Bookmap. I love jigsaw but at the moment the heatmap is not as good as Bookmap, hence my choice to have both, but everyone is different and someone else might think differently.

I might do a video on what I use Bookmap for precisely but I don't want to be completely out of subject or highjack this file which was initially a review of Footprint training if I am not wrong, so I would need to do that on a different file or create a new file, I am not quite sure what is best, I don't want to be a nuisance!


Hi Dom,could you also make a video about bookmap,I am also interested in this subjective。Thanks!

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  #36 (permalink)
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So I just came across this site -- Order Flows | Trading Decisions Based On Order Flow Analysis.

Absolutely no idea if its any good or not but they do have a whole bunch of youtube videos on orderflow so it may be worth exploring. Here at FIO, we do pride ourselves at looking under EVERY rock. Hopefully, there is no scorpion here

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  #37 (permalink)
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srgtroy View Post
So I just came across this site -- Order Flows | Trading Decisions Based On Order Flow Analysis.

Absolutely no idea if its any good or not but they do have a whole bunch of youtube videos on orderflow so it may be worth exploring. Here at FIO, we do pride ourselves at looking under EVERY rock. Hopefully, there is no scorpion here

It's a GOMI like software that they sell. The videos are interesting, but oriented around selling the software.

Well it's my opinion at least.. :-)

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  #38 (permalink)
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dom64 View Post
It's a GOMI like software that they sell. The videos are interesting, but oriented around selling the software.

Well it's my opinion at least.. :-)

I don't doubt it. Still, one might be able to pick up a thing or two. They do seem to have identified a number of potential 'setups'. But it certainly doesn't hurt to be skeptical.

On a related topic, I would be interested to see a video on how you use jigsaw tools. That might appear to be self-evident to some, but not all

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  #39 (permalink)
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srgtroy View Post
I don't doubt it. Still, one might be able to pick up a thing or two. They do seem to have identified a number of potential 'setups'. But it certainly doesn't hurt to be skeptical.

On a related topic, I would be interested to see a video on how you use jigsaw tools. That might appear to be self-evident to some, but not all

I will for Jigsaw and Bookmap but not too sure where to post it. Don't want to highjack completely this file!

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  #40 (permalink)
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dom64 View Post
I will for Jigsaw and Bookmap but not too sure where to post it. Don't want to highjack completely this file!

You could always start a new thread -- Order Flow Observations -- or something like that.

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