user33 Posted October 14, 2014 Report Share Posted October 14, 2014 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. it shows all trades executed at each price level when market was at bid or at ask. If you placed a buy limit order and it got filled, it shows on the bid side, if you placed a sell limit order and it got filled, it shows on the ask side. EVERY LIMIT ORDER traded is showed in footprint charts! Again, you don't had to agree with me. 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 (edited) it shows all trades executed at each price level when market was at bid or at ask. If you placed a buy limit order and it got filled, it shows on the bid side, if you placed a sell limit order and it got filled, it shows on the ask side. EVERY LIMIT ORDER traded is showed in footprint charts! Again, you don't had to agree with me. Hi @user33 we are agree in that, maybe my english is not so much correct and my explanations can seems wrong. Apologize for that. What i was trying to say is if the markets is trading at 1884,25 and 1884,50 you need to know what buyers and sellers are asking or bidding at this areas and knowing that. Only looking at a dom you can see the limits orders. You can see the size and looking at a Time and sales you can see the time it takes to pull it. This is what i wanted to say, a footprint chart it's a part on the orderflow puzzle. http://screencast.com/t/m9I8mOyaBX this is why i have this three components when i look at orderflow trading. But of course, is the way i trade, not the best but for me is enough Edited October 14, 2014 by kavalan windo and user33 2 Quote Link to comment Share on other sites More sharing options...
user33 Posted October 14, 2014 Report Share Posted October 14, 2014 http://screencast.com/t/m9I8mOyaBX nice chart! how did you get the order depth to display on the footprint chart? is that an option from GOMI suite? kavalan 1 Quote Link to comment Share on other sites More sharing options...
kavalan Posted October 14, 2014 Report Share Posted October 14, 2014 No, it's the edsvollevel2 user33 1 Quote Link to comment Share on other sites More sharing options...
user33 Posted October 14, 2014 Report Share Posted October 14, 2014 No, it's the edsvollevel2 Is it from BMT? Quote Link to comment Share on other sites More sharing options...
newbie0101 Posted October 14, 2014 Report Share Posted October 14, 2014 No, it's the edsvollevel2 Hi kavalan sorry if U have already provided as I did not do extensive research.... Is it possible you share the indicators and a template so all have same settings as U for the screenshots you have graciously provided? Thanks in advance---again apologies if U have already shared them as stated above "did not do my due diligence" Post if U will Take care! kavalan 1 Quote Link to comment Share on other sites More sharing options...
monkster Posted October 14, 2014 Report Share Posted October 14, 2014 (edited) 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. Thanks for your posts interesting learning about order flow. were these some of your reasons for the trade? http://www.screencast.com/t/2ID0QKvI Also forgot to add in screenshot, your entry candle is a weak retest of a strong bearish candle with large selling delta -2318 (the candle at 19.23.04) hope that makes sense Edited October 14, 2014 by monkster kavalan 1 Quote Link to comment Share on other sites More sharing options...
kavalan Posted October 15, 2014 Report Share Posted October 15, 2014 Is it from BMT? No it's from https://bitbucket.org/ninjatrader/level2/downloads You can download it there ;) abduul, user33, Livermore and 2 others 5 Quote Link to comment Share on other sites More sharing options...
kavalan Posted October 15, 2014 Report Share Posted October 15, 2014 Hi kavalan sorry if U have already provided as I did not do extensive research.... Is it possible you share the indicators and a template so all have same settings as U for the screenshots you have graciously provided? Thanks in advance---again apologies if U have already shared them as stated above "did not do my due diligence" Post if U will Take care! No problem, i update here your request. https://www.sendspace.com/file/elily6 dennyyusuf, exp48967, newbie0101 and 2 others 5 Quote Link to comment Share on other sites More sharing options...
windo Posted October 15, 2014 Report Share Posted October 15, 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. Thanks kavalan's light on the thread. It will be great to discuss more about the logic behind the foortprint chart than the trade only ;) Context/Background is the king for reading footprint chart imho That is to say, the context of each footprint chart is collected along with the background itself , not just focusing on stand-alone footprintchart. In your case , I just found No money no trap No aggressive prey no trap Trap them and stoprun smart money love trapping day after day .... http://i.imgur.com/VvOI3QF.png priceless_knowledge, newbie0101, kavalan and 6 others 9 Quote Link to comment Share on other sites More sharing options...
kavalan Posted October 15, 2014 Report Share Posted October 15, 2014 Thanks for your posts interesting learning about order flow. were these some of your reasons for the trade? http://www.screencast.com/t/2ID0QKvI Also forgot to add in screenshot, your entry candle is a weak retest of a strong bearish candle with large selling delta -2318 (the candle at 19.23.04) hope that makes sense Nice monkster and thank's for your reply. Later i will give you were was my reasons. Maybe in this time others can jump in giving other options, too. i need to do few things and then later i will have time to post it. Quote Link to comment Share on other sites More sharing options...
kavalan Posted October 15, 2014 Report Share Posted October 15, 2014 WOW!! @windo It's that. i don't know if you were in my mind :D. But like you well explain is about context and areas to trade. Thank's for the time to look at it and post your comments. You rock it!! Quote Link to comment Share on other sites More sharing options...
kavalan Posted October 15, 2014 Report Share Posted October 15, 2014 These were my reasons for take the trade http://screencast.com/t/XP9XYv37XnA exp48967 1 Quote Link to comment Share on other sites More sharing options...
kavalan Posted October 15, 2014 Report Share Posted October 15, 2014 Added volume profile situation in the reason's behind the trade http://screencast.com/t/VAqxmtiKcqLU wizard101 1 Quote Link to comment Share on other sites More sharing options...
kavalan Posted October 15, 2014 Report Share Posted October 15, 2014 Thank you @monkster and @windo for your collaboration. The way i like to use Footprint charts is like someone telling you a history. Taking a trade based in only 1 period or candle formed it's a limited vision for the action. This is why with @windo explanation you can understand wich was the history behind the short trade. You can see a short opportunity but trade it 30 minuts later waiting for the confirmation of buy intentions. It's important know about what are doing your competition, in this case buyers because we want to short. Understanding history behind movement and supporting the trade at specific emotional areas can be a nice tandem. When i speak about emotional areas i want to say areas where buyers and sellers are predisposed to take action. For example, what you can expect at a VAH? Sellers. It's an emotional zone because you have the potential to see sellers actively or no buy intentions. Footprint chart can confirm that. You need to see that, not only the zone and trade this zone because was a sell zone. Confirmation is what you get with your FPC. Was only an example but if you made a focused trading it's better than try to trade everywhere. wizard101, traderdemarket69 and rodamas 3 Quote Link to comment Share on other sites More sharing options...
monkster Posted October 15, 2014 Report Share Posted October 15, 2014 Great stuff Kavalan, I'm watching the FT71 videos so its nice to see some current examples of the methods and ideas. I want to follow along with your posts, so I set up my footprint chart like yours with the Gomi indicator, and have created a separate Volume profile chart to match the above, but using Gomi MP its not as neat and clean looking as yours, so what indicator are you using for volume profile in that chart? Also I see you only trade the RTH session (from 9.30 EST - 15.15 EST) , do you consider the overnight/ pre-market at all? I read conflicting views on this, some say ignore, some mark the high/ low, some even create a separate profile for it. kavalan 1 Quote Link to comment Share on other sites More sharing options...
kavalan Posted October 15, 2014 Report Share Posted October 15, 2014 Great stuff Kavalan, I'm watching the FT71 videos so its nice to see some current examples of the methods and ideas. I want to follow along with your posts, so I set up my footprint chart like yours with the Gomi indicator, and have created a separate Volume profile chart to match the above, but using Gomi MP its not as neat and clean looking as yours, so what indicator are you using for volume profile in that chart? Also I see you only trade the RTH session (from 9.30 EST - 15.15 EST) , do you consider the overnight/ pre-market at all? I read conflicting views on this, some say ignore, some mark the high/ low, some even create a separate profile for it. Nice, volume profile is a must tool for analizing intentions because can give you a nice perception of what is doing volume (participants). It's not the only tool, but who loves trading with orderflow is somenthing to look at it. I'm using rancho dinero's suite for volume profile's charts. Like you say i only trade RTH. Speaking about overnight session, like you say there are a lot of opinions about it. It's personal taste. There are traders that will tell you it's very important to look at it. Others, like me, i don't use it. What is important is trading at specific zones. Doesn't matter if this zone is called value area high or overnight low. You need to know who can be behind this areas for look to find them. Don't try to copy others. Look if for you this overnight levels can be significants and if you find that yes, use it. I know fib traders using footprint charts for trading. Finally, levels are levels. Trade the levels is where the footprint can give you some sense. traderdemarket69 and user33 2 Quote Link to comment Share on other sites More sharing options...
exp48967 Posted October 15, 2014 Report Share Posted October 15, 2014 No problem, i update here your request. https://www.sendspace.com/file/elily6 Can you post also indies? Many thanks in advance. Best belaid and newbie0101 2 Quote Link to comment Share on other sites More sharing options...
newbie0101 Posted October 15, 2014 Report Share Posted October 15, 2014 No problem, i update here your request. https://www.sendspace.com/file/elily6 Sorry for but has anyone successfully loaded the "VitLevel" indi? I ask because I tried but cannot find in indi list- Any help appreciated- Thanks in advance p.s. second the request to kavalan to post file with all indis used to create template that you shared---as template is useless--- unless one has same indis that were used to create it--- installed on their ninja platform-- Thanks in advance Quote Link to comment Share on other sites More sharing options...
kavalan Posted October 15, 2014 Report Share Posted October 15, 2014 (edited) Hi, Sorry for the inconvenience. Was my mistake uploading the first time. Here you have it. Let me know it's ok http://www.sendspace.com/filegroup/ru0haS8qwI1rzl%2FEXEPKkUwXFMfEish2 Edited October 15, 2014 by kavalan k33, iksak, tke1 and 14 others 17 Quote Link to comment Share on other sites More sharing options...
holla.die.fee Posted October 17, 2014 Report Share Posted October 17, 2014 It is called "Vitalij's Level II Indicator" in indi list. kavalan and newbie0101 2 Quote Link to comment Share on other sites More sharing options...
rondonelli Posted October 17, 2014 Report Share Posted October 17, 2014 Kavalan What folder footprint.indo.xml ends up in? Quote Link to comment Share on other sites More sharing options...
kavalan Posted October 17, 2014 Report Share Posted October 17, 2014 Hi rondonelli, Copy and paste in: Documents/ninjatrader/templates/chart rondonelli and spacejams 2 Quote Link to comment Share on other sites More sharing options...
kavalan Posted October 17, 2014 Report Share Posted October 17, 2014 Hi, A lot of speed trading this days. A few comments on previous days actions. We will see if today is possible take trades. http://screencast.com/t/XxuhWi3adzeN exp48967 1 Quote Link to comment Share on other sites More sharing options...
kavalan Posted October 17, 2014 Report Share Posted October 17, 2014 Hi, General question: What do you think a long trade at 72 with this scenario? http://screencast.com/t/pxujTwBThwAy Quote Link to comment Share on other sites More sharing options...
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