Footprint vs DOM Order Flow Trading

👉 go.elitetrader...
With the sudden change in order flow, you can immediately spot the buyer sitting on the bid. This is crucial, as the footprint doesn't reveal this to you. That abrupt change is the moment when you can size up your trade.
In this trading example, we examined the EMINI S&P 500 trade. In previous videos, we discussed the Footprint extensively and its utility in showing what happened. Footprint is great at showing the past trades. However, what it fails to show is the real-time actions of other traders.
In this particular instance, with the order flow, you could have spotted a clear initiative from buyers, starting with that large order appearing on the bid which unraveled multiple strategies for what to do next.
If you like similar videos, where we compare different trading tools, don't forget to watch our previous video on Footprint vs. Candlesticks, 👉 • Candlesticks vs Footprint
#DayTrading #Footprint #Dom
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[@AxiaFutures]

If you like similar videos, where we compare different trading tools, don't forget to watch our previous video on Footprint vs. Candlesticks, 👉 ruclips.net/video/8Yo92pRnFAo/видео.html

[@davidnovitzky3592]

Well actually I would like to see that large bid trade first and then hold after before leveraging up my position. It could've been a spoof, or like a fake support from buyers and could've gone down just as easy as it went up. So, let's see it trade first and see buyers holding down and trading back up first before leveraging up. Just because someone showed some size doesn't mean you can be confident in sizing up, but after you see that 300 bid trade, hold and buyers bought it back up that's the pattern you should look for. In my opinion of course.

[@AxiaFutures]

Thanks for watching!

[@angelaablett]

I did that today with my Eur/GBP reversal long trade

[@AxiaFutures]

Great stuff! Hope it worked out for you :)

[@singhparambir3283]

where do i get this data?

[@DavidOgden1]

Be very helpful to see options of executions , limit order at the reload process and risk missing or market in know your stop is protected ?

[@AxiaFutures]

Thanks for mentioning this!

[@user-fh1yt8vj4s]

The time frame you are using for the footprint?

[@abdelhakimmoukar2163]

Is this video part of your training ? The footprint one ?

[@AxiaFutures]

Hi there, this was part of our 1 week course we did but we do discuss this topic in our Footprint course too.

[@mylove1618]

Is jigsaw Dom easier to read vs this one

[@panzercommander]

This is a Jigsaw dom

[@user-vw7lp5ru2l]

are you learning about forex too? i just learned forex trading from the nfc community.

[@AxiaFutures]

Hi there, no we only trade and teach futures