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:July 22nd, 2016 (08:57 AM) by wyz00888 Views / Replies:3,068 / 48
Last Reply:August 28th, 2016 (03:36 PM) 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

Old   #1 (permalink)
Elite Member
Longyan Fujian/China
 
Futures Experience: Beginner
Platform: Multicharts
Favorite Futures: ES
 
Posts: 27 since Apr 2015
Thanks: 7 given, 8 received

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

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!

Reply With Quote
The following user says Thank You to wyz00888 for this post:
 
Old   #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
Old   #3 (permalink)
Elite Member
Houston, TX
 
Futures Experience: Beginner
Platform: IB, S5
Broker/Data: IB, Stage 5, TOS
Favorite Futures: Stocks, Options, Futures
 
Posts: 40 since Dec 2015
Thanks: 33 given, 44 received


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.

Reply With Quote
The following user says Thank You to Gambit88 for this post:
 
Old   #4 (permalink)
Elite Member
Wartrace,TN usa
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: 6E
 
Posts: 67 since Nov 2013
Thanks: 43 given, 39 received

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.

Reply With Quote
The following user says Thank You to Wartrace for this post:
 
Old   #5 (permalink)
Risk--->0 $--->∞
Chicago, IL
 
Futures Experience: None
Platform: NinjaTrader, TWS, FXCM's
Broker/Data: InteractiveBrokers, NinjaTrader Brokerage FXCM, IQFeed
Favorite Futures: ZF, ZN, ZB, ES, FX pairs
 
Blash's Avatar
 
Posts: 1,187 since Nov 2011
Thanks: 3,133 given, 1,604 received
Forum Reputation: Legendary

Futures Edge on FIO

Which products do you trade?

 

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

We must be like the fountain or spring that is continually emptying itself of all that it has and is continually being refilled from an invisible source

Quoting 
The steed of this Valley is patience; without patience the wayfarer on this journey will reach nowhere and attain no goal.

Buy Low And Sell High (read left to right or right to left....lol)
Reply With Quote
The following user says Thank You to Blash for this post:
 
Old   #6 (permalink)
Elite Member
Longyan Fujian/China
 
Futures Experience: Beginner
Platform: Multicharts
Favorite Futures: ES
 
Posts: 27 since Apr 2015
Thanks: 7 given, 8 received


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.

Reply With Quote
The following user says Thank You to wyz00888 for this post:
 
Old   #7 (permalink)
Risk--->0 $--->∞
Chicago, IL
 
Futures Experience: None
Platform: NinjaTrader, TWS, FXCM's
Broker/Data: InteractiveBrokers, NinjaTrader Brokerage FXCM, IQFeed
Favorite Futures: ZF, ZN, ZB, ES, FX pairs
 
Blash's Avatar
 
Posts: 1,187 since Nov 2011
Thanks: 3,133 given, 1,604 received
Forum Reputation: Legendary


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


Sent from my iPhone using Tapatalk

We must be like the fountain or spring that is continually emptying itself of all that it has and is continually being refilled from an invisible source

Quoting 
The steed of this Valley is patience; without patience the wayfarer on this journey will reach nowhere and attain no goal.

Buy Low And Sell High (read left to right or right to left....lol)
Reply With Quote
The following 4 users say Thank You to Blash for this post:
 
Old   #8 (permalink)
Elite Member
Longyan Fujian/China
 
Futures Experience: Beginner
Platform: Multicharts
Favorite Futures: ES
 
Posts: 27 since Apr 2015
Thanks: 7 given, 8 received


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


Sent from my iPhone using Tapatalk

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!

Reply With Quote
The following user says Thank You to wyz00888 for this post:
 
Old   #9 (permalink)
Risk--->0 $--->∞
Chicago, IL
 
Futures Experience: None
Platform: NinjaTrader, TWS, FXCM's
Broker/Data: InteractiveBrokers, NinjaTrader Brokerage FXCM, IQFeed
Favorite Futures: ZF, ZN, ZB, ES, FX pairs
 
Blash's Avatar
 
Posts: 1,187 since Nov 2011
Thanks: 3,133 given, 1,604 received
Forum Reputation: Legendary

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


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.

Sent from my iPhone using Tapatalk

We must be like the fountain or spring that is continually emptying itself of all that it has and is continually being refilled from an invisible source

Quoting 
The steed of this Valley is patience; without patience the wayfarer on this journey will reach nowhere and attain no goal.

Buy Low And Sell High (read left to right or right to left....lol)

Last edited by Blash; August 4th, 2016 at 10:04 AM.
Reply With Quote
The following 4 users say Thank You to Blash for this post:
 
Old   #10 (permalink)
Elite Member
Longyan Fujian/China
 
Futures Experience: Beginner
Platform: Multicharts
Favorite Futures: ES
 
Posts: 27 since Apr 2015
Thanks: 7 given, 8 received



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.

Sent from my iPhone using Tapatalk

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!

Reply With Quote
The following user says Thank You to wyz00888 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
 

Bookmap New Indicator Panel, Cumulative Delta, Order Flow demo

Jan 17

An Afternoon with FIO member Massive I

Elite only

Leo Murphy: Making sense of Technical Analysis and Random Walk

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 08:43 AM.

no new posts
Page generated 2017-01-16 in 0.16 seconds with 19 queries on phoenix via your IP 50.16.5.192