Great video! However i have a question in mind. If buyers bought near the support level. Doesn't it mean that there are also sellers who passively sold there since every buyer has a seller? If so, does that mean no matter which direction the market move, there is always gonna be trapped traders where their stop loss will propel the direction of the movement.
Great video but here's a question I've seen in stocks where huge volume comes in and doesn't move the stock up and then very small sells come in and she drives down further than the buyers did with the larger volume. How is that possible you'd think that the big buy volume would move it but doesn't..??
Hey Derek, thanks for your time and your comment! To answer your question, location is a big factor when analyzing volume relative to price. The example you described most often plays out after a buy stop run (counter-trend move) in the context of bearish order flow (trend). Let's say a stock is in a bearish trend and in recent weeks has found some buying strength that led to a bullish counter-trend rally. Near the top of this move, you will often get a lot of retail traders buying the highs because the market no longer looks risky since it has been rising off of the lows. As more and more retail traders pile into the stock near the highs, the volume will likely increase and show above average. If the market fails to rally after this, that is your first sign we might have some trapped longs with sell stop liquidity sitting below. If you get in near the highs of a move, you want a continuation breakout right? If that doesn't happen, are you still feeling good about your trade? Probably not. If you feel this way, there are other traders feeling the same way. If you get some selling pressure entering the market, some of those late longs are feeling nervous about the trade and might start to sell their long positions to limit their losses. This starts the sell-off which accelerates as the remainder of stuck longs puke their positions to get out with minimal losses. If this sounds new to you, I would suggest taking a look into Volume Spread Analysis (VSA) which studies price action relative to volume. We've got a couple of videos on this topic on our channel! Hope this helps! Regards - Mark
Hey Johnny, thanks for the feedback! The footprint chart and order flow analysis may be a bit confusing at first, but we've got some great videos on our channel to accommodate the learning curve. Our futures day trading course covers all of these concepts in great detail if you are looking for a more structured development plan. In any case, thanks for taking the time to watch and comment on the channel! Sending you best regards! Cheers - Mark
Hey, question Mark, I'm curious about what timeframe that is? I feel like footprints would be better suited to a range timeframe, vs a time based one. Do you set them up differently for different trading opportunities?
Hey Gage! All the charts displayed in this video were range-based charts! The only time-based charts we use are 1H bar to apply pivots, other than that, we are using range charts! I have a standard template and will increase or decrease them based on volatility! Cheers - Mark
@@TradeProAcademy Now I'm even more confused hahaha how can the footprint chart show different sized candles if it's range-based? I guess I need to go do more research on footprint hahaha
@@fishmonkey5339 Sorry I should have been more specific! I will adjust the range bar charts depending on volatility but the footprint chart settings will remain the same for me. Here is a video we did on the basics of the footprint chart: ruclips.net/video/fXm93hjzJ7o/видео.html
It's like that to all of us at first. When i first got into it, i had so many questions and just wanted to call it quits right away lol. Learn it step by step and you'll eventually get it. You posted this 2 months ago so if you still didn't give up, im sure you have better idea of the market now. What i learned is, Dont overthink it, just understand what the chart shows. Ppl tend to overthink it into some complex chaos but it really isn't that hard to understand. It's simply a battle between 2 players and you're the 3rd player on the sideline observing who will have a upper hand.
not really, those green numbers are not necessarily aggressive market buying, they could be people closing out their shorts. How can people close out their shorts? by buying. You cant really see how many actual buyers there are from that. Very inaccurate information
Hey Diego, the green and red numbers represent an imbalance of buying vs selling between the bid and offer. Whether its shorts covering their positions on the way up or new longs coming into the market, there is aggressive buying coming in. If there are a bunch of buy imbalances at a level (whether shorts covering or new longs) and the market cannot keep going higher, you've likely got some trapped traders below. Love, joy and happiness! Regards
This is very simple dear if you know what this is. You can see price actions before it is reflected on a time frame as those guys are trading on a tick chart. !!!
Ok. So YOU know what you're seeing and looking at. The average youtube video watcher doesn't, yet all you guys go thru these explanations at lighting fast speed expecting us to understand what you just taught. I bet only 5% of the people got it, and they are more experienced traders who been around a while and understood what you said because it's their next level up. SLOW DOWN and TEACH. Teach based upon the questions you think people will have (like when you didn't know about footprint charts), not just what you know at 200 mph. However, I did like your video and appreciate your efforts.
GOD loves you enough to send HIS only SON to save you and if you repent and turn from your sins and be baptized in THE NAME OF THE FATHER, THE SON and THE HOLY SPIRIT. ((if you haven't )
This is exactly what I have been looking for. An understanding what the numbers mean. Brilliant video
Great video!
@ 3:19 The "Blue Pills", along with garlic, dark chocolate, watermelon, pumpkin seeds, and chili peppers will work WONDERS!! 💪🏽😝
Great video! However i have a question in mind.
If buyers bought near the support level. Doesn't it mean that there are also sellers who passively sold there since every buyer has a seller?
If so, does that mean no matter which direction the market move, there is always gonna be trapped traders where their stop loss will propel the direction of the movement.
4:29 The 'even better' comment... Hilarious! :)
Where do you subscribe to get footprint charts?
Priceless! Thanks brother!
Thanks for the support Francisco! Sending you LJH! Cheers - Mark
What is the name of that tool you are using for the order flow?
Hi Thomas, thanks for watchig. What we show in this video is the Footprint.
That was a great video. Thanks so much it helped a lot
John!!! Hope you are doing well sir! Thanks for the support! Sending LJH to you and Joelle! Cheers - Mark
Thanks Mark, good information....I benefit from your teaching style.
Thanks for the kind words Paul! I enjoy putting these together for you guys! Regards - Mark
Can yo
U share the template for your scrreen?
Great video but here's a question I've seen in stocks where huge volume comes in and doesn't move the stock up and then very small sells come in and she drives down further than the buyers did with the larger volume. How is that possible you'd think that the big buy volume would move it but doesn't..??
Hey Derek, thanks for your time and your comment! To answer your question, location is a big factor when analyzing volume relative to price. The example you described most often plays out after a buy stop run (counter-trend move) in the context of bearish order flow (trend). Let's say a stock is in a bearish trend and in recent weeks has found some buying strength that led to a bullish counter-trend rally. Near the top of this move, you will often get a lot of retail traders buying the highs because the market no longer looks risky since it has been rising off of the lows. As more and more retail traders pile into the stock near the highs, the volume will likely increase and show above average. If the market fails to rally after this, that is your first sign we might have some trapped longs with sell stop liquidity sitting below. If you get in near the highs of a move, you want a continuation breakout right? If that doesn't happen, are you still feeling good about your trade? Probably not. If you feel this way, there are other traders feeling the same way. If you get some selling pressure entering the market, some of those late longs are feeling nervous about the trade and might start to sell their long positions to limit their losses. This starts the sell-off which accelerates as the remainder of stuck longs puke their positions to get out with minimal losses. If this sounds new to you, I would suggest taking a look into Volume Spread Analysis (VSA) which studies price action relative to volume. We've got a couple of videos on this topic on our channel! Hope this helps! Regards - Mark
TRADEPRO Academy thank you for your response yupp it does
@@derektanasichuk8711 Happy to help brother! Cheers - Mark
Which type of chart and time frame recommended for footprint analysis, and which is ideal ratio of imbalance do you suggest
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^^
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Great video Mark. Thabk you for sharing your acknowledge and especially thank you for your time.- Luciano
Hey Luciano! Thanks for the kind words! We'll keep these coming if you keep showing up! Cheers - Mark
How do you find a diagram of orders candle by candle on a chart?
Which TF does this work best in?
Thanks for the video, its one of the most useful thing this concept.
For newbie like me, is Pretty hard to understand, but I know that IS good information.
Hey Johnny, thanks for the feedback! The footprint chart and order flow analysis may be a bit confusing at first, but we've got some great videos on our channel to accommodate the learning curve. Our futures day trading course covers all of these concepts in great detail if you are looking for a more structured development plan. In any case, thanks for taking the time to watch and comment on the channel! Sending you best regards! Cheers - Mark
@@TradeProAcademy Thanks
@@johnnyusa51 My great pleasure! Happy to help!
wow bro this video touched my high soul! thanks for pouring knowledge bro... you talk about me in this video man. powerful.
This comment made our day! Thank you so much for watching. Appreciate all the support :)
Hey, question Mark, I'm curious about what timeframe that is? I feel like footprints would be better suited to a range timeframe, vs a time based one. Do you set them up differently for different trading opportunities?
Hey Gage! All the charts displayed in this video were range-based charts! The only time-based charts we use are 1H bar to apply pivots, other than that, we are using range charts! I have a standard template and will increase or decrease them based on volatility! Cheers - Mark
@@TradeProAcademy Now I'm even more confused hahaha how can the footprint chart show different sized candles if it's range-based? I guess I need to go do more research on footprint hahaha
@@fishmonkey5339 Sorry I should have been more specific! I will adjust the range bar charts depending on volatility but the footprint chart settings will remain the same for me. Here is a video we did on the basics of the footprint chart: ruclips.net/video/fXm93hjzJ7o/видео.html
Should provide some more insight into this awesome chart! Cheers - Mark
i think this will help me be more consistent on my trading thank you
interesting video. easy to identify they're trapped in hindsight because if the market went their way then happy days. got any vids that give an edge?
You are the edge not a strategy! We do this everyday in our trading room in the real-time. Regards
I am out of coffee....fml. Tutorial looks awesome!! But I gotta run to starbucks now. Haha
What number bar is on Sierra Chart?
any chance to share your myfxbook trading stats ?
Thankss
thanks for these examples but how to configure the footprint? thanks a lot 🤝🤝👍
Great video thank you, where can I get the orderflow chart, is it on most platforms? I is trading 212
Really good stuff. I wish tos had footprints
I am completly lost, everything in this video is VERY new to me
It's like that to all of us at first. When i first got into it, i had so many questions and just wanted to call it quits right away lol. Learn it step by step and you'll eventually get it. You posted this 2 months ago so if you still didn't give up, im sure you have better idea of the market now. What i learned is, Dont overthink it, just understand what the chart shows. Ppl tend to overthink it into some complex chaos but it really isn't that hard to understand. It's simply a battle between 2 players and you're the 3rd player on the sideline observing who will have a upper hand.
Do you have a video that covers your setup on SC for the footprint(numbers bars)?
Thank you for commenting. We recommend you check out our video below! ruclips.net/video/-iHY-EMK9hM/видео.html&ab_channel=TRADEPROAcademy
@@TradeProAcademy yeah that video has nothing about your dom setup in SC
@@doc_holliday9280 Hello Doc, hopefully, you find this video to be helpful ruclips.net/video/hQTc_rN-egs/видео.html&ab_channel=TRADEPROAcademy
Not for retail traders
not really, those green numbers are not necessarily aggressive market buying, they could be people closing out their shorts. How can people close out their shorts? by buying. You cant really see how many actual buyers there are from that. Very inaccurate information
Hey Diego, the green and red numbers represent an imbalance of buying vs selling between the bid and offer. Whether its shorts covering their positions on the way up or new longs coming into the market, there is aggressive buying coming in. If there are a bunch of buy imbalances at a level (whether shorts covering or new longs) and the market cannot keep going higher, you've likely got some trapped traders below. Love, joy and happiness! Regards
this video is inaccurate indeed, he clearly doesn't understand footprints at all.
Complicating trading . Keep it simple.
Nothing more simple than raw order flow!
This is very simple dear if you know what this is. You can see price actions before it is reflected on a time frame as those guys are trading on a tick chart. !!!
Ok. So YOU know what you're seeing and looking at. The average youtube video watcher doesn't, yet all you guys go thru these explanations at lighting fast speed expecting us to understand what you just taught. I bet only 5% of the people got it, and they are more experienced traders who been around a while and understood what you said because it's their next level up. SLOW DOWN and TEACH. Teach based upon the questions you think people will have (like when you didn't know about footprint charts), not just what you know at 200 mph. However, I did like your video and appreciate your efforts.
You are using wrong terminology./VERBAGE Calling "LONGS" for a sell OR SHORT TRADE??
Anybody can talk the voodoo talk on a chart with dead sticks.
Why don't you show us what you can do with live trades.
GOD loves you enough to send HIS only SON to save you and if you repent and turn from your sins and be baptized in THE NAME OF THE FATHER, THE SON and THE HOLY SPIRIT. ((if you haven't )
bla bla bla bla ......