Can any one recommend a course that teaches you how to read the footprint - Vendors and Product Reviews | futures.io
futures.io futures trading


Can any one recommend a course that teaches you how to read the footprint
Started: by wyz00888 Views / Replies:3,085 / 48
Last Reply: Attachments:0

Welcome to futures.io.

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.


You'll need to register in order to view the content of the threads and start contributing to our community. It's free and simple, and we will never resell your private information.

-- Big Mike

Reply
 
Thread Tools Search this Thread
 

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

  #31 (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, 116 received


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!

Reply With Quote
The following user says Thank You to dom64 for this post:
 
  #32 (permalink)
Elite Member
SF Bay Area + CA/US
 
Futures Experience: None
Platform: Tradestation, Ninja
Favorite Futures: ES & Equities
 
paps's Avatar
 
Posts: 1,231 since Oct 2011
Thanks: 1,656 given, 917 received


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

Reply With Quote
 
  #33 (permalink)
Elite Member
SF Bay Area + CA/US
 
Futures Experience: None
Platform: Tradestation, Ninja
Favorite Futures: ES & Equities
 
paps's Avatar
 
Posts: 1,231 since Oct 2011
Thanks: 1,656 given, 917 received


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

Reply With Quote
The following 3 users say Thank You to paps for this post:
 
  #34 (permalink)
Elite Member
SF Bay Area + CA/US
 
Futures Experience: None
Platform: Tradestation, Ninja
Favorite Futures: ES & Equities
 
paps's Avatar
 
Posts: 1,231 since Oct 2011
Thanks: 1,656 given, 917 received

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

Reply With Quote
The following user says Thank You to paps for this post:
 
  #35 (permalink)
Elite Member
Longyan Fujian/China
 
Futures Experience: Beginner
Platform: Multicharts
Favorite Futures: ES
 
Posts: 28 since Apr 2015
Thanks: 7 given, 8 received

Futures Edge on FIO

Which products do you trade?

 

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!

Reply With Quote
 
  #36 (permalink)
Elite Member
Los Angeles
 
Futures Experience: Intermediate
Platform: NinjaTrader/Sierra
Favorite Futures: ES
 
srgtroy's Avatar
 
Posts: 1,380 since Jan 2011
Thanks: 981 given, 2,082 received
Forum Reputation: Legendary

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

Reply With Quote
The following user says Thank You to srgtroy for this post:
 
  #37 (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, 116 received


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.. :-)

Reply With Quote
 
  #38 (permalink)
Elite Member
Los Angeles
 
Futures Experience: Intermediate
Platform: NinjaTrader/Sierra
Favorite Futures: ES
 
srgtroy's Avatar
 
Posts: 1,380 since Jan 2011
Thanks: 981 given, 2,082 received
Forum Reputation: Legendary


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

Reply With Quote
 
  #39 (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, 116 received


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!

Reply With Quote
 
  #40 (permalink)
Elite Member
Los Angeles
 
Futures Experience: Intermediate
Platform: NinjaTrader/Sierra
Favorite Futures: ES
 
srgtroy's Avatar
 
Posts: 1,380 since Jan 2011
Thanks: 981 given, 2,082 received
Forum Reputation: Legendary



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.

Reply With Quote
The following user says Thank You to srgtroy for this post:

Reply



futures.io > > > > Can any one recommend a course that teaches you how to read the footprint

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

2016 True Edge Awards: Voting is open until Jan 21!

Now
 

An Afternoon with FIO member Massive l

Elite only
 

Anthony Drager: Pulling the trigger with confidence

Elite only
 

Leo Murphy: The Art and Science of Technical Analysis

Elite only
 

FuturesTrader71: Ask Me Anything

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Is there anybody can recommend an option trading course wyz00888 Options on Futures 15 December 20th, 2016 09:40 AM
Which datafeed can you recommend? upgrayedd Brokers and Data Feeds 8 February 22nd, 2016 12:59 PM
Anyone recommend material to learn how to read the tape? (i.e. level 2, timeofsales) sterling729 Stocks and ETFs Trading 2 October 16th, 2014 09:27 PM
Recommend a forex course Magiklair Vendors and Product Reviews 3 June 5th, 2014 06:02 PM
Recommend me (some) hosters? NetTecture Elite Automated Trading 5 November 1st, 2011 04:11 AM


All times are GMT -4. The time now is 05:32 PM.

no new posts
Page generated 2017-01-19 in 0.14 seconds with 20 queries on phoenix via your IP 54.205.173.230