Traderbeauty Posted October 13, 2014 Report Share Posted October 13, 2014 USER33 Thanks again for all the info. I goggled Anthony Drager and there are so many webinars and seminars - Can you post a link to his web site and maybe to one or two of his webinars that you recommend ? This can save us all many hours of watching the "wrong" ones. Thanks in advance. Jane ⭐ gago 1 Quote Link to comment Share on other sites More sharing options...
user33 Posted October 13, 2014 Report Share Posted October 13, 2014 (edited) USER33 Thanks again for all the info. I goggled Anthony Drager and there are so many webinars and seminars - Can you post a link to his web site and maybe to one or two of his webinars that you recommend ? This can save us all many hours of watching the "wrong" ones. Thanks in advance. Jane https://www.youtube.com/watch?v=0jRij6lApII https://www.youtube.com/watch?v=7DYEKbINgS8 He does not have a website, that is a good thing: he is a trader who focused on trading, not on marketing anything on any website! Edited October 13, 2014 by user33 additional note admis, exp48967, kavalan and 6 others 9 Quote Link to comment Share on other sites More sharing options...
Traderbeauty Posted October 13, 2014 Report Share Posted October 13, 2014 thanks a lot going to put time and effort and watch them all. jane Quote Link to comment Share on other sites More sharing options...
kavalan Posted October 13, 2014 Report Share Posted October 13, 2014 (edited) Hi, Today we have had a nice example of what you can see for locate entry points. I use volume profile for locate areas of trading interest. The initial balance for today was at 1906 to 1886.5. There we have had a nice entry point with some sellers out of control. I will add a picture for explain it better. it's not a setup it's somenthing that you can look for trading. It's not a signal. It's somenthing that you need to see and expect and if you are wrong go out and try to find a new one :) http://screencast.com/t/eDFHkjUy5DYy Like you know, trading is not about being right, is better to find whos is wrong and go against them. If you see somenthing diferent in the picture or have other opinion, will be nice to discuss about it ;) Edited October 13, 2014 by kavalan Traderbeauty, marcus70s07, exp48967 and 1 other 4 Quote Link to comment Share on other sites More sharing options...
exp48967 Posted October 13, 2014 Report Share Posted October 13, 2014 @kavalan: can you post that template? Quote Link to comment Share on other sites More sharing options...
user33 Posted October 13, 2014 Report Share Posted October 13, 2014 @kavalan: can you post that template? I believe he is using GOMI ladder. kavalan and exp48967 2 Quote Link to comment Share on other sites More sharing options...
kavalan Posted October 13, 2014 Report Share Posted October 13, 2014 @user33, yes is the gomi suite, really enough for footprint charting. I'm out but later i will update this template exp48967 1 Quote Link to comment Share on other sites More sharing options...
user33 Posted October 13, 2014 Report Share Posted October 13, 2014 @user33, yes is the gomi suite, really enough for footprint charting. I'm out but later i will update this template with gomi, can you color the text using volume-imbalance option? Quote Link to comment Share on other sites More sharing options...
kavalan Posted October 13, 2014 Report Share Posted October 13, 2014 @user, If you are asking for volume imbalance, yes you can. I don't use it. user33 1 Quote Link to comment Share on other sites More sharing options...
user33 Posted October 13, 2014 Report Share Posted October 13, 2014 @user, If you are asking for volume imbalance, yes you can. I don't use it. Where do you see the volume imbalance option? can you post a screenshot? Quote Link to comment Share on other sites More sharing options...
kavalan Posted October 13, 2014 Report Share Posted October 13, 2014 Hi, another trade option for today's action. If you look at it like a signal you will fail, because is about feeling and smelling actions, and try to spot who is wrong. Most software try to give footprint charts like a signal charts and basically you can't. It's better if you understand byyourself what buyers and sellers are doing. http://screencast.com/t/iuWgqukMj02 Template: https://www.sendspace.com/file/kxyis2 @user33 For look at imbalance option you need to have volumeladdermetroeditionv2_zeroforfilter and going to point 5 (BA ladder). In the point 3 you will see Ladder Display Type. Choose Diagonal Bidask. Then in section 12 change points 7 and 7 (numerator/denominator) and you have the volume imbalance ready. i cant not help you with this settings because i don't use it. http://screencast.com/t/DT1FxIeBQ http://screencast.com/t/ASnna3qvRtyv ⭐ stocktrader78, mastertrader7, dennyyusuf and 8 others 11 Quote Link to comment Share on other sites More sharing options...
sillykiddo Posted October 13, 2014 Report Share Posted October 13, 2014 Anyone has OFA new ninjatrader indicator suite all cracked ? thx andyshooktrader 1 Quote Link to comment Share on other sites More sharing options...
kavalan Posted October 13, 2014 Report Share Posted October 13, 2014 Hi, Only a clarification about how reading footprint charts can improve your trading. Don't think that you never will losse again. The help that you will have is to know where you are wrong. Consistency is not being right, is knowing where you are wrong and leave to this situation the fast that you can. Today's trading activity http://screencast.com/t/st8WewGH user33, profile, mastertrader7 and 2 others 5 Quote Link to comment Share on other sites More sharing options...
user33 Posted October 13, 2014 Report Share Posted October 13, 2014 Hi, Only a clarification about how reading footprint charts can improve your trading. Don't think that you never will losse again. The help that you will have is to know where you are wrong. Consistency is not being right, is knowing where you are wrong and leave to this situation the fast that you can. Today's trading activity http://screencast.com/t/st8WewGH today is a difficult day because it is semi-holiday in US kavalan 1 Quote Link to comment Share on other sites More sharing options...
kavalan Posted October 14, 2014 Report Share Posted October 14, 2014 (edited) Hi, In the open we have had another trade opportunity. Sellers where active in the open, but if you see that sellers are wrong, the long oppotunity is what you can get. http://screencast.com/t/gdj74Jvbx if you are looking at it like a signal setup you will fail in understanding how to trade footprint charts. It's more a logical process and way of thinking that a mechanical system byitself ;) Edited October 14, 2014 by kavalan user33, dennyyusuf and mastertrader7 3 Quote Link to comment Share on other sites More sharing options...
mastertrader7 Posted October 14, 2014 Report Share Posted October 14, 2014 Hi, In the open we have had another trade opportunity. Sellers where active in the open, but if you see that sellers are wrong, the long oppotunity is what you can get. http://screencast.com/t/gdj74Jvbx if you are lookint at it like a signal setup you will fail in understanding how to trade footprint charts. It's more a logical process and way of thinking that a mechanical system byitself ;) To me footprint interpretation is a mystery. Complicated to grasp. hopefully you guys will shed some light over it. kavalan 1 Quote Link to comment Share on other sites More sharing options...
kavalan Posted October 14, 2014 Report Share Posted October 14, 2014 (edited) Hi @mastertrader7, it's really a dificult way of trading. I will give you what you can do for trying to understand it. First you need to know that orderflow can be a subjective way of trading. 2 diferents persons can look at one action and think in opposite. Then what you need is to see footprint charts in an objective way. 2 persons looking the same action thinking the same. Trade this areas it's diferent, but the analisis need to be objective. In my last photo if you see, you can see sellers loosing control. You can see the same? Then is an objective area to trade. This is what you can do for trade footprint charts. And of course, understanding the logic behind buyers and sellers. Traidng footprint charts by itself can be a vast of time. You need to have a little picture of what is the logic in the movement. Looking at volume profile charts can give you specific areas to trade. Not and easy way to trading, but can be very nicely if you are able to arrive to understand how to use it. Edited October 14, 2014 by kavalan user33, dennyyusuf and mastertrader7 3 Quote Link to comment Share on other sites More sharing options...
user33 Posted October 14, 2014 Report Share Posted October 14, 2014 (edited) To me footprint interpretation is a mystery. Complicated to grasp. hopefully you guys will shed some light over it. Footprint chart is just one way of reading the order flow, the same information can be read from a DOM, j i g s a w DOM is basically a dynamic snapshot of footprint chart, these are all just tools for reading the order flow, you need to learn how to read the order flow, that is the key, which tool you choose to use for reading the order flow is not important, there are many tools out there, GOMI suite is as good as marketdelta, NOFT is just a copy of GOMI with some minor changes. I would stay away from OFA, you cannot configure the exact numbers for ratios, clusters, etc. and the way they "taught" the order flow is flawed, the guy is not a trader! Edited October 14, 2014 by user33 unmask the blocked vendor tool name mastertrader7, dennyyusuf and kavalan 3 Quote Link to comment Share on other sites More sharing options...
kavalan Posted October 14, 2014 Report Share Posted October 14, 2014 (edited) Hi, All is about context. Learn to read context and then whatch for specific areas to trade. For example today, the market opens (openning print) at 1878.50. Do you know wich type of area was the openning? Look at your volume profile chart, and you will see that is in a unaccepted area or imbalance zone. What you can expect at this areas? Agressivly movements, because the logic is that the markets will feel nervous at this area, trying to find value. Knowing where you are can give you an edge for trading. This is why for example if you see sellers loosing control, you can trade against them. Wich can be your objective? If you look at 1884 you can see that was a significant low from yesterday. You can expect a move to this area. You have your long trade. When the market arrives at 1884 area, can you look for sellers in control? Yes of course, is a sell area. What happens if you see buyers steping with conviction in higher prices? Maybe your decision is don't do nothing or wait, but of course, not selling because is a sell zone. It's better to think. What happens if like today you see sellers at 84 area. Nice opportunity for take a short. Wich advantatge can give you looking at your footprint chart? You can see what are doing sellers, your trade conviction, but you can look how strong are buyers. If you understand this concepts, you can understand a short at 82 area. Like you see is all about asking you questions and try to find with your analysis answers that give you the enough conviction to push your buy or sell button. http://screencast.com/t/WtvDMDGe4U Edited October 14, 2014 by kavalan user33 1 Quote Link to comment Share on other sites More sharing options...
user33 Posted October 14, 2014 Report Share Posted October 14, 2014 @kavalan, We might have different ideas of what defines "sellers in control", can you elaborate your definition of "sellers in control" in terms of footprint chart patterns? Do you simply mean large size printed on the bid side? kavalan 1 Quote Link to comment Share on other sites More sharing options...
kavalan Posted October 14, 2014 Report Share Posted October 14, 2014 @kavalan, We might have different ideas of what defines "sellers in control", can you elaborate your definition of "sellers in control" in terms of footprint chart patterns? Do you simply mean large size printed on the bid side? Yes it's that. Nothing special. For me control is someone winning money. If you are winning money i suppose that you are in control. For me high areas of trading are areas of interest and is where buyers and sellers are agree in price and are preparing the next movement, imbalancing this high activity zone. It's like i bid it, i hit it. If who is imbalancing this zone are sellers for me is a control zone. Then you can see if more sellers are agree in this previous movement or was only a test movement. Can you speak about what you considerer a control zone? k33 and user33 2 Quote Link to comment Share on other sites More sharing options...
kavalan Posted October 14, 2014 Report Share Posted October 14, 2014 Hi, General question: http://screencast.com/t/nGC9Mx5Pv this is a trade i took few minuts back. Let me know if you see what reasons i have for take this short trade. Can be nice if we can discuss about reasons more than the trade. user33 1 Quote Link to comment Share on other sites More sharing options...
user33 Posted October 14, 2014 Report Share Posted October 14, 2014 (edited) Yes it's that. Nothing special. For me control is someone winning money. If you are winning money i suppose that you are in control. For me high areas of trading are areas of interest and is where buyers and sellers are agree in price and are preparing the next movement, imbalancing this high activity zone. It's like i bid it, i hit it. If who is imbalancing this zone are sellers for me is a control zone. Then you can see if more sellers are agree in this previous movement or was only a test movement. Can you speak about what you considerer a control zone? Thanks for that. My understanding is that it is much more complicated than that! Sellers can be in control with small size, simply because buyers refused to trade with them. Sellers can be in control with large size, and beat the large size buyers, continue to drive the price lower. Sellers can be in control with large size, even if they cannot drive the price lower, so long as they can prevent price from going higher. . . . . . . . . . . just food for thought, you don't need to agree with me. Edited October 14, 2014 by user33 typo kavalan and k33 2 Quote Link to comment Share on other sites More sharing options...
kavalan Posted October 14, 2014 Report Share Posted October 14, 2014 just food for thought, you don't need to agree with me. Thanks for your explanation. You are right we not need to be agree in that. i know to trade objectively footprint charts is really hard. Finally i have my own rules i try to apply them trading. It's nice to see someone having his own rules. Like you know, footprint charts only show the markets orders, but don't show you the limits orders that were trying to trade at this areas. This is an important piece of this puzzle that you can take in account when you are trying to understand control o any other area than you want to look user33 and traderx4 2 Quote Link to comment Share on other sites More sharing options...
user33 Posted October 14, 2014 Report Share Posted October 14, 2014 @kavalan, each of those different types of "sellers in control" has different patterns in footprint charts, this is why it takes many years of real time trading experience to master them. kavalan and windo 2 Quote Link to comment Share on other sites More sharing options...
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