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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

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 wyz00888 
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I want to learn how to read the footprit charts, Can any one recommend a course that teaches me how to read the footprint chart?Thank you!

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Marketdelta has a course and run a room where they are looking at the footprint charts. I believe you get a significant discount if you are an elite member.

I am a member and can recommend Discovery trading group as well. They post daily examples using the footprint and levels are given daily. They also provide significant mentoring in their forum.

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 Wartrace 
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Some very good free resources here:
Footprint Chart | MarketDelta - Get 3x More Price and Volume Transparency

They have a link to a lot of youtube recordings in the webinar section also.

Also be sure to read their blog. They have some great information on it as well.

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 Blash 
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wyz00888 View Post
I want to learn how to read the footprit charts, Can any one recommend a course that teaches me how to read the footprint chart?Thank you!

What kind of trading do you want to do, please?

Ron

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 wyz00888 
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Blash View Post
What kind of trading do you want to do, please?

Ron

I just want to learn how to read the order flow with footprint chart.

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 Blash 
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wyz00888 View Post
I just want to learn how to read the order flow with footprint chart.



Yes I understand that part. Are you looking to be a scalper? Is that why?

For example I will look to a "foot print" type chart but I'm not a scalper. I only do so for my execution to see exactly how the bid and offers are holding. Asking these questions:

Will I be able to enter and get a fill with a limit order? So when going long I will need to see the bids being taken out, traders hitting into them. If I were to see the bids thick and not chewing though with the offer being lifted I know I should lift the offer too by going market.

Likewise for a short.... Can I get a fill in a limit order? Or do I need to hit the bid?

I use the "foot print" chart only to help with these question along with the DOM. I only look a that chart for about 30 sec.

But if you want to scalp from it you are going to be looking at it much longer with a few different ideas.

So understanding what type of trading you are interested in makes a massive difference.

Either way you still need to be able to find, from a chart, the areas you want to engage with the market. Before looking at the "foot print" chart. Preferably from a higher timeframe chart. Most people when using low timeframe charts lose site of the bigger picture and end up shorting into support or buying resistance. Make sure it's not you.

There is zero substitute for screen time. Hopefully you have a " foot print" chart already and can spend a few months watching it.

Vendors are extremely good at making you think they have magic coding skills and that somehow their code can uncover how people will behave and therefore act. A standard "foot print" chart will do. You don't need, IMHO, all the hype they code up trying to trick too into thinking their version has some secret sauce.

The only way to do this is to develop a skill inside of you and learn to think in terms of probabilities. Understand the auction paradigm. Why do you want to buy something at price X? Is it on sale? After you buy it at X will others buy it at X+1, X+2, X+3 etc making you a profit?

Ron


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The steed of this Valley is pain; and if there be no pain this journey will never end.
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 wyz00888 
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Blash View Post
Yes I understand that part. Are you looking to be a scalper? Is that why?

For example I will look to a "foot print" type chart but I'm not a scalper. I only do so for my execution to see exactly how the bid and offers are holding. Asking these questions:

Will I be able to enter and get a fill with a limit order? So when going long I will need to see the bids being taken out, traders hitting into them. If I were to see the bids thick and not chewing though with the offer being lifted I know I should lift the offer too by going market.

Likewise for a short.... Can I get a fill in a limit order? Or do I need to hit the bid?

I use the "foot print" chart only to help with these question along with the DOM. I only look a that chart for about 30 sec.

But if you want to scalp from it you are going to be looking at it much longer with a few different ideas.

So understanding what type of trading you are interested in makes a massive difference.

Either way you still need to be able to find, from a chart, the areas you want to engage with the market. Before looking at the "foot print" chart. Preferably from a higher timeframe chart. Most people when using low timeframe charts lose site of the bigger picture and end up shorting into support or buying resistance. Make sure it's not you.

There is zero substitute for screen time. Hopefully you have a " foot print" chart already and can spend a few months watching it.

Vendors are extremely good at making you think they have magic coding skills and that somehow their code can uncover how people will behave and therefore act. A standard "foot print" chart will do. You don't need, IMHO, all the hype they code up trying to trick too into thinking their version has some secret sauce.

The only way to do this is to develop a skill inside of you and learn to think in terms of probabilities. Understand the auction paradigm. Why do you want to buy something at price X? Is it on sale? After you buy it at X will others buy it at X+1, X+2, X+3 etc making you a profit?

Ron


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Thank you Blash.I use volume profile to find the levels and want to use footprint to confirm the entry and exit.Could you please recommend a course which teaches how to read the footprint chart?Thank you!

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 Blash 
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wyz00888 View Post
Thank you Blash.I use volume profile to find the levels and want to use footprint to confirm the entry and exit.Could you please recommend a course which teaches how to read the footprint chart?Thank you!



Ok cool. IMHO I know exactly what you are looking for and its the best of its kind I have seen and had the privilege to work through.....

Kam's...........

https://thetradingframework.mykajabi.com/store/2qbz8r7A

Ron

Edit: If you find any of my posts helpful or acknowledge the efforts feel free to hit the "Thanks" button. Thank you kindly.

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 wyz00888 
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Blash View Post
Ok cool. IMHO I know exactly what you are looking for and its the best of its kind I have seen and had the privilege to work through.....

Kam's...........

https://thetradingframework.mykajabi.com/store/2qbz8r7A

Ron

Edit: If you find any of my posts helpful or acknowledge the efforts feel free to hit the "Thanks" button. Thank you kindly.

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Hi Blash,thanks for your recommendation.I actually already bought Kam' volume profile course.the course teaches me how to use volume profile but did not teach much about how to read the footprint chart.Could you also recommend a good course which can teach me how to read the footprint chart.Thank you!

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 Blash 
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Hi Blash,thanks for your recommendation.I actually already bought Kam' volume profile course.the course teaches me how to use volume profile but did not teach much about how to read the footprint chart.Could you also recommend a good course which can teach me how to read the footprint chart.Thank you!



When did you buy it? He has updated it and it's extremely complete. In it he talks through and explains how to use the "foot print" chart. He emphasizes greatly, almost to the point of going over board, how people dwell on these tools way to much and it's only needed for a short time. A way to decide "how" to enter the market.

If it was a while ago I'm sure you can work out a deal with him for the updated course.

This course is called Profile Trading Mastery.

The "foot print" chart is covered in his 6th module called "Timing and Execution".

Ron


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The steed of this Valley is pain; and if there be no pain this journey will never end.
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 wyz00888 
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Blash View Post
When did you buy it? He has updated it and it's extremely complete. In it he talks through and explains how to use the "foot print" chart. He emphasizes greatly, almost to the point of going over board, how people dwell on these tools way to much and it's only needed for a short time. A way to decide "how" to enter the market.

If it was a while ago I'm sure you can work out a deal with him for the updated course.

This course is called Profile Trading Mastery.

The "foot print" chart is covered in his 6th module called "Timing and Execution".

Ron


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Hi Blasd.I have his new course and the video talk about tomming and excursion indeed have teaches some footprint chart, but I think there must be some source which can teach me more about footprint.Could you please also recommend a course which explain footprint in detail? Thank you!

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 Blash 
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Hi Blasd.I have his new course and the video talk about tomming and excursion indeed have teaches some footprint chart, but I think there must be some source which can teach me more about footprint.Could you please also recommend a course which explain footprint in detail? Thank you!



I have a very hard time understanding why it's not enough for you what Kam has taught. It's impossible for me to even imagine a more complete level of instructions. But if you go to NinjaTraders Website and look at their ecosystem there are plenty and plenty of educators there for that kind of stuff that will gladly take your money. Or just Google for it.

A big part of Kams instruction is believing and committing to a logical trading system. It doesn't seem you have done this and are more of the typical trader always searching for the next thing.

Check out Jigsaw's video on the Depth and Sales tool also..... lots of free instruction there.

These tools are much less of a mystery than people believe them to be. It basically amounts to looking for something that doesn't exist but might work out now and again which just reinforces the idea in traders that they NEED more knowledge about the market. What they really need is a better understanding of themselves.



Ron

Edit: added youtube video of Mark Douglas to emphasize my point

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The steed of this Valley is pain; and if there be no pain this journey will never end.
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 Blash 
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Hi Blasd.I have his new course and the video talk about tomming and excursion indeed have teaches some footprint chart, but I think there must be some source which can teach me more about footprint.Could you please also recommend a course which explain footprint in detail? Thank you!



Why don't you send Kam a email asking him, as one of his students, who he would recommend for what you are looking for. Make the most of Kam (your mentor).....

Ron


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...My calamity is My providence, outwardly it is fire and vengeance, but inwardly it is light and mercy...
The steed of this Valley is pain; and if there be no pain this journey will never end.
Buy Low And Sell High (read left to right or right to left....lol)
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 Blash 
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Hi Blasd.I have his new course and the video talk about tomming and excursion indeed have teaches some footprint chart, but I think there must be some source which can teach me more about footprint.Could you please also recommend a course which explain footprint in detail? Thank you!




Blash View Post
Why don't you send Kam a email asking him, as one of his students, who he would recommend for what you are looking for. Make the most of Kam (your mentor).....

Ron


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Better yet why don't you post asking for more "foot print" education on the Timing and Execution module 6 page, hardly anybody posts but me, so all can benefit from the answer.

Ron



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...My calamity is My providence, outwardly it is fire and vengeance, but inwardly it is light and mercy...
The steed of this Valley is pain; and if there be no pain this journey will never end.
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 srgtroy 
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I HAVE NOT taken either of these courses, at least not yet, but I have interacted with Niels, the main guy, on the Mr. TopStep Euro trade-room and he is very knowledgeable about footprint. I do know that.

Crash Course 3h - Market Profile, Footprint Charts and Orderflow Trading with MarketDelta & BookMap - AMS Trading Group

UnLimited - 2mo Course +6mo EURO Pro room - Get to be an independent trader - AMS Trading Group

Worth a look, at least.

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 dom64 
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Hi guys, not too sure what there is to "teach" about footprint. I will do a video and post the link to show how I use it if anyone might find it useful. No need to pay for a course. The same info is of course included in the tape and much more, but I will do a YT video on the footprint. There is never a single and unique way to look at various elements when trading, but it is useful to understand how others are using it. There are courses out there on the subject, most of which from vendors trying to sell their software, and I have to say I have seen several of them, and it is at best, an interpretation of the footprint, so it is either way a case of using what works for YOU.

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 dom64 
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As discussed, a video with my use of the Footprint :


A bit long but good examples happened as I went along, so I kept recording :-)

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 trendisyourfriend 
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dom64 View Post
As discussed, a video with my use of the Footprint :


A bit long but good examples happened as I went along, so I kept recording :-)

Thanks for taking the time to prepare and share your video.

I have a question regarding the DOM...

You said that limit orders in the DOM may be real or fake. It's kind of a game played to trap traders in the wrong direction. How do you differentiate between what's real and what's false? And if you assume this may be a game to trap people would it not be better to avoid looking at it and just consider the footprint as it shows what really took place.

Also, i see you have bookmap, that makes quite a bit of information to look at in terms of numbers. BM shows liquidity in a visual way but you still look at the DOM. Is there a reason you keep both tools? With BM you could get rid of the tape as well as the DOM, no?

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 dom64 
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trendisyourfriend View Post
Thanks for taking the time to prepare and share your video.

I have a question regarding the DOM...

You said that limit orders in the DOM may be real or fake. It's kind of a game played to trap traders in the wrong direction. How do you differentiate between what's real and what's false? And if you assume this may be a game to trap people would it not be better to avoid looking at it and just consider the footprint as it shows what really took place.

Also, i see you have bookmap, that makes quite a bit of information to look at in terms of numbers. BM shows liquidity in a visual way but you still look at the DOM. Is there a reason you keep both tools? With BM you could get rid of the tape as well as the DOM, no?

You never know for certain, but after you've been watching the DOM for a while you tend to guess fairly well and be able to tell to some degree.It is this realtionship Limits Vs Market that makes the market move so you can't really ignore what can possibly be gamed. So you have what really took place (Tape/Footprint) and the Poker table.

The reason why I keep Jigsaw is beacause I am used to it, and it gives me info BM doesn't. I am also used to placing orders on Jigsaw so it's a question of habits. BM is really good indeed to spot algos activities, real or fake. It is very visual so in one screen I have most of the info I need to execute and manage orders really.

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 Wartrace 
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dom64 View Post
As discussed, a video with my use of the Footprint :


A bit long but good examples happened as I went along, so I kept recording :-)

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.

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 Blash 
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trendisyourfriend View Post
Thanks for taking the time to prepare and share your video.



I have a question regarding the DOM...



You said that limit orders in the DOM may be real or fake. It's kind of a game played to trap traders in the wrong direction. How do you differentiate between what's real and what's false? And if you assume this may be a game to trap people would it not be better to avoid looking at it and just consider the footprint as it shows what really took place.



Also, i see you have bookmap, that makes quite a bit of information to look at in terms of numbers. BM shows liquidity in a visual way but you still look at the DOM. Is there a reason you keep both tools? With BM you could get rid of the tape as well as the DOM, no?



Fake orders are pulled from the market. You watch for this in Jigsaw. Limits subtracted away. If limits orders make there way to the front of the queue the probability of them getting filled goes WAY UP. There are no "fake" orders. If you place limits on the bid or offer side there is always a chance they can be fill and you need the account size to do it. It all depends on how fast traders going market, hit into the bid or lift the offer. If the queue is chewed through very fast for whatever reason they will be filled. Just wanted to clear up some this idea of "fake" orders. And this "spoofing" has gone down a lot since the CME's new rules regarding it, IMHO. But traders can still "change their mind".....lol.

IMHO first before the trading day in preparation for it you need to have a plan based on market context, big picture. Which is a skill developed over time but sped up if you have competent instruction. Without an idea of market structure watching theses order flow tool for long periods of time can be counterproductive.

Start with the last trading session's high and low for example.
Also ask these questions:
Are we in a range?
A wide range or a tighter one?
Are we trending, looking for a new area to range around in, new value?
After a large move in one direction on the day timeframe does it take a longer time to undo that move? For example, big up move followed by three days lower yet not completely undoing the up move? What does that mean?

Ron


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Edit: grammar

...My calamity is My providence, outwardly it is fire and vengeance, but inwardly it is light and mercy...
The steed of this Valley is pain; and if there be no pain this journey will never end.
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 dom64 
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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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 dom64 
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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.

There is no fake order as such in the sense that the capital is needed in order to place an order, but there a numerous moments during each session when liquidity (limit orders) is being added to be pulled as the price gets nearer to it. It's typical algos' activity but it does happen quite frequently. The Closer to the inside the more likely it is to remain and not be pulled and any unpredictable wave or market orders can indeed consume this liquidity.

Regardless it is very useful to watch and just looking at the tape is missing half of the story as we can have as many volume imbalances in the tape/footprint and huge volumes, if the Limits absorb, the price won't move much. It's part of the story where each element tells how it unfolds.

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 trendisyourfriend 
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dom64 View Post
There is no fake order as such in the sense that the capital is needed in order to place an order, but there a numerous moments during each session when liquidity (limit orders) is being added to be pulled as the price gets nearer to it. It's typical algos' activity...

What do you make of this information?

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 dom64 
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What do you make of this information?

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.

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 paps 
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dom64 View Post
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.

well an interesting thread. I like to see what others are looking into.

also interesting to see one of the few videos out there which try and capture Js & BKMap. I like this statement of yours as it is an important consideration in OF "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."<<The holy grail of Limit and Market Orders.

@dom64 i use both JS n BkMap and both have very unique insight into the world of trading (Limit Orders/Market Orders and how they are used). So it's great that you show a video of the GBP being traded. Would be great to see videos of the ES being traded with Full liquidity of the day "RTH". I guess that might show people what you trying to illustrate. Either ways there are many videos out there by JS itself or Bkmap itself. Use of both and exchange of context between the 2 tools is not something i have seen very much......and both have it's core strengths and imho the best OF tools available to retail.

Either ways good to see someone using these tools.

I did see in your videos something called HFT candles. Wonder what that was as you did not share that screen.

cheers n best

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 dom64 
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paps View Post
well an interesting thread. I like to see what others are looking into.

also interesting to see one of the few videos out there which try and capture Js & BKMap. I like this statement of yours as it is an important consideration in OF "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."<<The holy grail of Limit and Market Orders.

@dom64 i use both JS n BkMap and both have very unique insight into the world of trading (Limit Orders/Market Orders and how they are used). So it's great that you show a video of the GBP being traded. Would be great to see videos of the ES being traded with Full liquidity of the day "RTH". I guess that might show people what you trying to illustrate. Either ways there are many videos out there by JS itself or Bkmap itself. Use of both and exchange of context between the 2 tools is not something i have seen very much......and both have it's core strengths and imho the best OF tools available to retail.

Either ways good to see someone using these tools.

I did see in your videos something called HFT candles. Wonder what that was as you did not share that screen.

cheers n best

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,

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 Wartrace 
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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.

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 MacroNinja 
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Surely there are "rules" aren't there? Otherwise, the market making algos of Virtu or Citadel wouldn't know how to react to incoming orders to the market. Additionally, other fast scalping algos surely also have rules to determine if there is sufficient liquidity to deal for the scalp. The challenge lies in breaking down how those other algos behave (which are rules based, not a generally human market maker anymore adding or removing liquidity) and then calibrate the strategy accordingly.

Admittedly, this is probably not something that can be simply done without computer assistance of data feeds breaking down orders by the microsecond (or at a very, very bare minimum millisecond).

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 dom64 
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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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 paps 
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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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 paps 
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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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 paps 
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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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 wyz00888 
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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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 srgtroy 
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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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 dom64 
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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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 srgtroy 
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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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 dom64 
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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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 srgtroy 
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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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 dom64 
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As discussed, Bookmp + Jigsaw combined use:


Long one!

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 dom64 
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Another one on Footprint and order flow:


Very long one.

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 Blash 
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dom64 View Post
Another one on Footprint and order flow:




Very long one.


Watched a few minutes and respect the effort. Thank you

Ron


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 dom64 
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Blash View Post
Watched a few minutes and respect the effort. Thank you

Ron


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Thanks mate. Fully understand, very long and really meant to be answering questions I got, but long and detailed explanations especially when you already know it all! :-)

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 paps 
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dom64 View Post
Thanks mate. Fully understand, very long and really meant to be answering questions I got, but long and detailed explanations especially when you already know it all! :-)

hi @dom64 thnx for sharing yr vids. I think most of your videos you do not share ES. I am sharing a private vid of last Friday on ES. I myself record stuff. It is part of a full video. I use Jigsaw like crazy....how keep BkMap on for visual Limits on the DOM.


Would be great to hear if you use OF to scalp or for gauging turns in the market. I do keep OF Jigsaw n Bkmap on...but thanks to a mentor I also can see them on my charts.

Will be good to hear how you detect the turns in OF. I see that you use MP for context. However if not using MP....can turns be accurately gauged for short term scalps (2-5pts) as well as 10-20 pts....would like to hear your thoughts using Jigsaw on what indications do you look into.

cheers

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 dom64 
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paps View Post
hi @dom64 thnx for sharing yr vids. I think most of your videos you do not share ES. I am sharing a private vid of last Friday on ES. I myself record stuff. It is part of a full video. I use Jigsaw like crazy....how keep BkMap on for visual Limits on the DOM.


Would be great to hear if you use OF to scalp or for gauging turns in the market. I do keep OF Jigsaw n Bkmap on...but thanks to a mentor I also can see them on my charts.

Will be good to hear how you detect the turns in OF. I see that you use MP for context. However if not using MP....can turns be accurately gauged for short term scalps (2-5pts) as well as 10-20 pts....would like to hear your thoughts using Jigsaw on what indications do you look into.

cheers

Hey paps, you're right I don't trade the ES so no videos on it, but OF principles apply to any market/instrument. I use TPO and Volume profile as it offers very good area/levels of where the market is likely to go to, or at least, offers great insight to build different scenarios for the month, week, day, etc (in the video I highlight in the morning a level of 1.3135 where the market could go to and it got there at the end of the session and a little further down). So this gives me valuable insight (obviously the video is long enough as it is so I only show a very summarised version of everything I look at and how I use it). There are other useful order flow elments to look at, and a confluence of a number of them indicates a degree of likelyhood where and how things could develop.

As I mention in the video (I forgive you if you didn't watch it all! ), one could just look a the DOM (be it numerical and/or graphical it is the same thing) and scalp out a few points, which is the best way to operate if you are a scalper, without looking at anything else, but scalping is best with size (in terms of contracts).

The order flow can be seen in various ways, and it does give big clues on short term, medium and longer term. It helps to identify which type of day we are in, and adapt how I trade. Some days are swing days, some days are scalps days, some days are position trading days, but what unfolds in the market is what dictates me how I trade, I don't choose to scalp 1-2 points or 20-30 (which is not a scalp anymore really). Likewise I don't choose where to take profit, where to stop and get out based on arbritrary personal choices based on my own risk profile. I have an overal and daily risk profile, but as long as it stays inside my daily risk level, the market and the order flow tells me what I should do, not the other way round, as it does what it does and what it has to do regardless of personal choices, so it is for us to adapt, and this is what OF helps doing.

Cheers,

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 citikot 
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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

i found that course slightly overvalued for my tiny budget because of custom software which is apparently based on fin-alg footprint imho. but i know the basic points of Mike's course and must admit that it's best paid english language course about footprint i ever seen. personally i trade similar way as Mike teaches with some tricks from my previous experiece and even use some free tools which Mike distributes for close groop of his followers. the main advantage of that course is clean systematic approache given step by step in logical sequence. i'm not a newbee in order flow trading so i didn't find useful for me to enroll the full course and buy Mikes custom software but if somebody is looking for the very logical and quite valueable for its price trading approache, that it.

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  #48 (permalink)
 paps 
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Actually if someone wants to really understand the markets the effects of market and limit orders and does not actually have a way to see this..then tools such as jigsaw do well. But more than the tools they have plenty videos as a starting point.
Search for webinars by @DionysusToast or youtube by Jigsaw Trading.

Am not new myself in order flow but open to new ideas and hence try to see what others follow. Jigsaw vids and webinars are probably great for anyone new trying to dabble with OF. Well just mho...and it may be biased.

Cheers

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 dom64 
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Certainly is a great place to find valuable information. Grey info, great tool, and Peter is a great guy too. Strongly recommend it too.


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