Dale, could you consider the amount of selling volume traded (265) in the first TP zone you marked as a significant limit order? This would be one of my confirmation signals to enter in long. Also, the zone was marked by almost 2 nodes in the 30' chart, which I may consider a strong resistance zone. Just my thoughts... Cheers! P.S. It was a fantastic trading lesson; thanks for that!
Thank you for this video! I use similar setups and the situation of the absorption stopping the price in an open position happens to me almost every day 😅 Which session were you trading?
How can you rely on those footprints charts to build your strategy if the Forex market is not centralized? Isn't the USD/JPY data (buy and sell order) you show only specific to your broker?
This trade was analyzed on futures data, which is centralized and gives me more information in a 5 minute order flow. In ninjatrader 8, you can see that the futures data is named for USDJPY as 6J SEP23, as you can see in my video above. The data I use is not from my broker, however I use Kinetick data from Ninjatrader
I understand your concern and you are right that futures trading and forex trading are not the same. They have different structure and market characteristics. In my cases, these levels can be traded in both futures and forex markets. Such as in this case, when you follow the futures market, they provide more accurate data in a 5 minute order flow.
Trader Dale, this was an excellent real-time teaching moment!
Wie heißt die Software die du benutzt um die Daten zu lesen ? Und welche anderen Softwares gibt es noch ?
Great content and so easy to see what the market big guns are doing. What are the pip values for the orders that were closed out?
Dale, could you consider the amount of selling volume traded (265) in the first TP zone you marked as a significant limit order? This would be one of my confirmation signals to enter in long. Also, the zone was marked by almost 2 nodes in the 30' chart, which I may consider a strong resistance zone. Just my thoughts... Cheers! P.S. It was a fantastic trading lesson; thanks for that!
Excellent example, Dale! Thank you.
Thank you for this video! I use similar setups and the situation of the absorption stopping the price in an open position happens to me almost every day 😅 Which session were you trading?
Thanks for sharing! I mainly trade the European and American session.
Hello please share this indicator,thanks
Wich chart you use example -atas or ceara
This is NT....
How can you rely on those footprints charts to build your strategy if the Forex market is not centralized? Isn't the USD/JPY data (buy and sell order) you show only specific to your broker?
This trade was analyzed on futures data, which is centralized and gives me more information in a 5 minute order flow.
In ninjatrader 8, you can see that the futures data is named for USDJPY as 6J SEP23, as you can see in my video above. The data I use is not from my broker, however I use Kinetick data from Ninjatrader
@@TraderDale1 Understood! Thank you for the clarification.
This is valuable info. I trade similar but focus more on breakout continuations.
Thank you 🙌
Can I use this system on Mac?
NT does not fully work on Mac... To use this setup, you must install Parallels first to have Windows on your Mac. Then, you can use it usually. Cheers
Hi, can you please make a video about setting up a footprint chart exactly like yours! I would really appreciate it!
Not able to connect my data with ninja trader saying it to disable hedging , please help
Hi @user-ey5ue7ll4k I am facing the same issue. Is your problem resolved?
was good brother
Boom!
Awesome 👏🏽
Thank you 🙌
Awesome....
Thanks 🤗
You say USDJPY, but some of us dont trade Futures at the moment. Futures and Forex not the same thing. Centralized vs. Not centralized. signed, sad.
I understand your concern and you are right that futures trading and forex trading are not the same. They have different structure and market characteristics. In my cases, these levels can be traded in both futures and forex markets. Such as in this case, when you follow the futures market, they provide more accurate data in a 5 minute order flow.