Stop trading Candlestick charts... Do this instead.
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- Опубліковано 2 жов 2024
- #trading #orderflow #daytrading
In this video I breakdown how I use Footprint charts with order flow to understand the direction of a trade.
I use TradeZella to track and journal my trades:
www.tradezella...
Follow my socials:
Instagram - / umarashraf
Twitter - / umarashraf
Let me know if you guys want me to make order flow videos and what other content you'd like to see in 2024?
Yes please
Yes please
Yes please make order flow videos
Absolutely. I'm continuously go over the ones you did 3 and 4 months ago.
Thanks Umar
I hope you guys found value in this video! Thank you for the constant support!
I use ATAS and Seirra for footprint charts and orderflow tools.
What's the diff. between this and reading open interest data Umar Bhai!?
Can you compare Footprint to Bookmap.
From what I read; the Footprint charts show information about volume, but not liquidity. So if many more traders are hitting the “market sell” button than the “market buy” button, an FP chart will provide this information. But this doesn’t necessarily mean there is a market imbalance. It may be that sellers are selling into a huge pool of limit buy orders. If so, these limit orders will be invisible to a trader using a footprint chart.
Second, because FP charts do not show liquidity, they suffer from many of the same problems the DOM does. They do not show if a big institution or a large number of traders has cancelled limit orders. Without this information, traders may fail to understand why the price is behaving the way it is.
ATAS is beautiful, just not cheap
Live Streams, Live Trades, Live Results.
Can we use bid/ask foot prints in trading view
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Katherine Flores.
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states.
Really you people know her? I was even thinking that I'm the only one she has helped walk through the fears and falls of trading.
I'm new at this, please how can I reach her?
I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much
She mostly interacts on Telegrams, using the user-name...
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Katherine Flores.
I'm surprised that you just mentioned Katherine Flores here. I met her at a conference in 2018 and we have been working together ever since.
Flores' expertise in customizing investment portfolios based on changing market conditions and personal risk profiles is exceptional. It's not a one-size-fits-all approach, which is crucial in crypto investing.
The very first time we tried, we invested $1400 and after a week, we received $5230. That really helped us a lot to pay up our bills.
You trade with Katherine Flores too? Wow that woman has been a blessing to me and my family.
I'm new at this, please how can I reach her?
The amount of information and clarity I’ve gained from this video regarding footprint charts is unreal. Thank you Umar!!
brother, where I find this footprint chart?
indecitor name?
@@BilalAhmad-kq1ze he used atas in the video
Predicting market movements is extremely difficult in reality. It requires the investor to be right twice: Essentially why individuals engage the service of experts who provide proper strategies to navigate the markets
Coulda woulda shoulda
All hindsight and after the fact analysis which anyone could do after market close
Your followers shouldnt be looking at order flow on a micro level. Its only going to.mess them up. Analysis paralysis. Too much algorithm spoofing going on.
I've been at this trading thing for over 27 years and there are SOOOO many videos that just make me roll my eyes and move on. But I always find something of value in yours. You're articulate in your explanations and you're providing information which others wouldn't want to share. Keep it up.
Hey quick question. was 2023 a hard year for trading or easy. It's my 1st year. 53% win trading small position for one year. R of 2.6 and I'm profitable. I'm extremely conservative and I wait for my set up. I finally got my stop loss figure out and I don't get kicked as much.
Lol, sure buddy.
@@catmandoo4u1 it was a good year
You have been trading over 27 years still here
so you must be under a pile of money ? why you here?
Dont depend on footprint market dont move with this data i have knowleadge
I'm favoured, $60k every week! I can now give back to the locals in my community and also support God's work and the church. God bless America..
That's awesome😊
Which source/platform did you use to earn such huge sum of money?
As I know it's possible, I'd appreciate it if you showed me how to do it.
It was with the help of Cassandra Roberts i am who i am today😊
I know I'm blessed if not I wouldn't have met someone who is as spectacular as Mrs Cassandra Roberts
Hi can you pleas tell us when to take notes
Thanks 👍 you too
perfect , this is the moment i have been waiting for , please continue this and make a separate playlist ....
You're the real king of the market. I've been learning the markets for years now. I have never met a guy like you. Thank you so much for your lights.
Can you record a live trade using footprint/orderflow? Seeing what you talked about in this video play out in real time would be incredibly beneficial.
That will never I’m the history of his UA-cam career ever happen. He would never do this live because he would have paralysis of analysis doing this. He makes a lot of money selling the idea but knows damn well he doesn’t use this bukkshit to make money… now don’t you omar
😅😅😅
If he’s always right most of the time , he has no time for UA-cam!😂😂😂
Real successful traders is not teaching it in youtube.
Do not make things too complicated, keep things simple, the only Indian UA-camr I trust is "Power of Stocks" he made 0.25 million dollars in live trading on UA-cam, but the USA market works a bit differently because VIX is always high but in the Indian market, it's too low, In the end, Nobody shows Yearly profit and loss statement.
Power of Stocks used to trade with 1200$, During covid he made 1200$ to 72000$ in one trading session, and now more than 3 million dollars.
That'll never happen
I trade candlesticks and my friends uses tools like this and he is still unprofitable
Order flow and level to level is the methodology that makes sense to me . I'm glad I found your channel. Thank you!
ATAS is the software he used in this video🥳. However some of the other pro charting software you can try are Motivewave, Sierra chart and Quantower
Thank you so much, i was wondering what software he was using for a while now
@@breakz9235 Well if you watch the video he clearly says he uses ATAS.
I'm too dumb to understand it
Me too dawg 😅😅😂
Trade more and watch the price action carefully on the point of interest. You will understand soon enough
Glad to know i am not the only one
i like umar but beginner traders stuff like this will just complicate your trading journey and you'll loose money, once you stop chasing all these complex indicators then focus target & stop loss and not being greedy you'll actually get better at trading
Every point you talking is very accurate.. I have watched probably 40-50 videos about Foot print (I am currently using) and you covered everything in one… thanks Umar…
Where can I get the foot print chart
yh where do you even get live footprint charts?
which software are you using and i want for forex pairs where should i get it please tell me
damn this is hard to learn
ATAS looks cool but the only drawback is it doesn't work with forex.
Bro Great Content,
Bring this stuff more
Bczz you and your content is resonating at different level bruh🤝,
Much love,Peace😊
This is super helpful. I am at the United States Airforce Academy Prepschool. I am 18 years old and looking to get into trading. Your videos have really helped me out. What steps do you recommend I take? I am pretty busy with school, but have money coming in every month. I also am free of any kind of debt.
Focus on and finish school first. Save up a solid chunk of cash. Study study study the markets and different investment strategies. Don’t pay for any courses or guru guides, everything you need can be found online for free. Learn to separate emotion from trades and stick to a strategy.
Hi sir
Big fan from India ❤
Pls make a video on which is the best trading platform in Dubai
Which broker should we choose
Where do you get this order flow program from ?
Please use hindi audio track
14:27 the 10:15 candle has a buying imbalance of 355 to 36 at its low, that is almost a 10 to 1 ratio (meaning 36 fits inside 355 almost 10 times over).
That is a very high ratio (industry standard is 3 to 1, the higher the more potential importance)
Then the 10:20 candlestick had a buying imbalance of 438 to 70 at its low (4+ to 1 ratio).
Finally the 10:35 candle had a buy imbalance of 166 to 9 at its low (15+ to 1 ratio).
The earlier buy imbalances at lows were the first signals followed by sellers not able to push price too far down after they managed to take out those lows.
The buying was clearly being rewarded in the 10:35 candle & entry could have been taken as soon as it took out the 10:30 candle high or more conversatively when the 10:40 candle took out the 10:35 candle high
I'm assuming atas allows you to highlight imbalances based on the ratios you choose, not sure why you don't use them
Maybe I shouldn't have shared this lol
There is more too it though
I look to price action 1st which is based on candlesticks, then I use the footprint for confirmation.
Price action is king
thank you for explaining that.
Finally a genuine commenter. I'm new. Should I concern myself with footprints or stick to analyzing price action through candlesticks? Maybe footprints later on down the road once I've got price action mastered?
@@EpicWarrior131 apologies for the late response so many other priorities. In my experience price action 1st then use other tools to confirm what price action is already telling you.
Check out Al Brooks, the God Father of PA. Checkout his 1HR+ long seminar presentation on trading open breakouts & reversals.
Strongly consider getting his course, ridiculously cheap & immense value compared to "guru" courses out there.
Finally!! a real EDUCATOR!! not some marketer!, I believe the trading community really needs you. this really means a lot for us beginners who are actively targeted by marketers posing as trading gurus who wants to sell courses. Please make more content like this, as this really helps the trading community, I salute you! all the information here felt real, the struggles and specially your perseverance to improve your trading skills! thank you so very much!
brother, where I find this footprint chart?
indicator name?
unnecessary
what trading platform r u on? and how do we get the footprint charts etc??
Awesome man...
bro did u findout about trading platform??
If you actually watch the video he clearly says he uses ATAS.
Bro what about investment for the biginers pls
Thank you for sharing Umar. This is really helpful. You trade like the institutions using the concept of Auction Market Theory.
Please make more of these videos addressing order flow. It would also be interesting explaining the depth of market in detail and the cumulative delta. Once again thanks for the educational video. Merry Christmas and a Prospereous 2024!🎉🎉🎉
He is using ATAS for footprint but I find them having not accurate data in footprint and DOM.
for this moment this is one of the best explanation of footprint
Please make a short video How to set footprint?
Umar, I must say... I've been looking for a video like this that would explain footprint chart in such a way that's easy to understand and boy you nailed it !!!! Thank you, Thank you and Thank you
dont depend on footprint take my advise i am user of it
Yes, Omar said the printers should be used in conjunction with something else like a demand or supply zone. That’s how I use them. I also use them for range areas to see who’s taking control ; buyers versus sellers, to predict the next move.
@@BrotherFree
When you say supply&demand is it useful on breakout (support&resistance)?
How to do i get footprint chart for Indian Stock Market?
@@ammararshad9635so what strategy are you using?
Interesting, thanks for sharing God bless you!
Becoming a good trader takes time and patience. When i first got into trading i was liquidated twice, and lost my entire mortgage deposit. I could have given up, but decided to learn how to trade and put it into practice. 4 years later and i am glad i made that decision.
My portfolio has good companies, however it has been stalling since last year. I have approximately $200k stagnant in my reserve that needs growth.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
@@mariaguerrero08Mind if I ask you to recommend this particular coach you using their service?
'Gertrude Margaret Quinto' maintains an online presence. Just make a simple search for her name online.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
bro plz look at indian market and analyse it for us 😢 its the worst market without any logic and they don't allow us to trade in Bitcoin or forex 😢😢😢 kindly help understand this market
You're advice feels truly authentic. I'm glad I found your videos!
YOU HAVE STOLEN THE COURSE OF THE FOREX SCALPER !!
As always - Great Video, Umar!
The only thing I am struggling with is how to find the Footprint in Think Or Swim (TOS)? Any idea? Do I need a different platform that have Footprint function? Or is there a way to simulate this in TOS? Thanks... Sam
i also
You don't need to know how the engine works to drive a car
I think the order flow can change at any moment - meaning you see an order there and then all of a sudden the order is removed. It would be MUCH better to show the history of all of your trades. To see how your looking at the order flow and the bids and asks and the agressive actioin intermpretation compaed to the passive order interpretation actually worked for you. Most people will get it right about 50 50 or 60 40 so that to me means there is no strategy that really works- what works is you are looking at set up that when they do work the reward is greater than the loss.
Not really, that only happens when you are looking at Level 2. Footprint charts are an order flow based tool which visually represent already executed market orders, not limit orders to get filled. The only place where orders get removed is from Level 2
@@oskii100 thanks for the explanation but in that scenario you are basing current decisions are very recent order executions. Where can one see the history of your specific trades the buy price the sell price and the buy times and the sell times. Would love to see how that order execution trading compares to just looking at the daily 2 minute chart and trading in the 2 x 4 wma direction
First thing first -How to apply footprint chart in tradingview? Anyone know please tell me 🙂
Hey Umar, great video! Would you walk us through the setups you got for atas? For example, the bottom table where it shows the delta, bid, ask, and volume of each candle stick.
do this works on crypto either
Umar, this is the best explanation video of the footprint chart. I’ve been using the footprint chart for two years, just looking at Delta, and not really understanding the relation between bid / ask and price movement. Thank you so much!
Which Software do you use for Footprint??
Hey how do i find footprint chart any website or broker offering this?
@@RudranshRajvansh-ep1pd TradeDevils. Not the cheapest, but definitely not the most expensive either. Plus they have some semi-automated features built into the better version.
@@RudranshRajvansh-ep1pd +1
@@Ilyas72629ATAS and Sierra chart
Pls sir! how do I set this on my tradingview? Is it a separate app?
Quality bro! The depth you went to, examples you brought up, and perspectives you gave painted a really nice portrait! Answered some questions I’ve been having, thanks!
Does this work for higher timeframes like the daily and 4hr
Hi Umar, genuinely loved your indepth content. But can you please tell me how to open footprint charts or which software do you use to see them
Thank you Umar may Allah bless you bruv
Hey Umar, another great video with lots of value, thanks!
Would you be able to talk about the difference in readability of footprint charts across various types of instruments (futures contracts, stocks, etc). I did notice most of your examples are with /ES. Thanks in advance!
Hi Umar, what platform are you using? Can this be extrapolated to tradingview?
Hi Umar, I cant seem to open your replies. Please help
This video and your tutelage are just GOLD! I appreciate the information, and I can't wait to implement this into my trading.
how to start foot print chart in my trading journey?
Orderflow + the DOm has changed my game.
which soft...
whats dom
Hello, can you put up a complete course, paid is also fine
NOW! THIS! is the kind of content i wanna watch! original, sometimes counterflow to whats popular, AND ALWAYS educational, shortens my learning curve.
some use youtube for entertainment, people like me go here for further education, to grow up further. in virtually all aspects. mad respect sir❤.
which website you use this tool and proper name of this tool... tell me plz..
Finally! A decent explanation of this. Thank you!! This helps piece together a lot
It's a lengthy video without factual examples. You could for example have given practical examples, how to predict an up or down according to your theory in a relatively short video, without lengthy explanation. The lengthy explanation just confuses, and I was unable to understand, what's the point, when it doesn't help to predict the coming tendency, which is all about in trade.
Algorithmic signatures are rooted in traditional candlestick charts…those candlesticks are more than enough for a lifetime.
Saying this with respect brother I haven’t made millions from the market yet like you have, but there are a thousand ways to skin a cat. I always encourage people to find what works for THEM!
Happy holidays brother.
Exactly 😊
This shit is not making any sense to me to be honest
I prefer to stay with only the candle stick
What he's talking about is Future Trading And best prop firm For Future Trading is Alpha Futures
Basic Question: What platforms would you recommend for footprint charts. I use think or swim, and get the impression that there isn't a good script for that. So, I'd be willing to sign up to another platform, but I'd like your recommendation on which platform I would want to sign up for. Thanks in advance for your knowledge sharing.
What application do you use for your footprint chart, and can I used tradingview for footprint chart?
Question big bro - when price is trading at demand (or supply) how do we know passive buyers (sellers) are stepping in if the number of executed orders stays relatively thin? Is it just a matter of price not going anywhere? For instance, in the part where you covered the increase in selling activity at demand, price didn't move (indicating passive buyers were stepping in), but the number of executed buy orders at that level stayed thin. Any help is appreciated and thanks again!
Because the passive sellers/buyers don’t operate within the bid or ask, they sell or buy only at certain price levels. If there’s an indication of aggressive sellers or buyers on the bid or ask that isn’t getting respected then passive buyers are usually joining the fight against the aggressive sellers especially if delta indicates there are more aggressive sellers than aggressive buyers
hmmm "passive sellers/buyers don't operate within the bid or ask" is a little tough for me to get behind. Passive sellers/buyers will (even if for a split second) show up on the DOM and I'll acknowledge that their presence can and will push/pull prices but, orders (passive via DOM or aggressive at the market) should reflect on the footprint, which should then tie to total volume. I'll give it some more thought but I sincerely appreciate the response! @@exachi49
There’s none able to draft a chart and predict tonight’s stock movement..none..all analysis are done after stock event…lousy
Umar, thank you so much for all the work you put in for us. 🙏🏻 would you be able to make a video about DOM and how you would place strategic orders thru the DOM. Would be greatly appreciated. Thank you.
where can i get the footprint chart i use tradingview can anyone help me where i can find this?
Awesome! "TRADING IS LIKE AN ART" I never heard this line from anyone before!!!
Everyone literally says that what do you mean
Itu semua hanya representasi dari data yang diterima oleh trading system. Sama dengan candle atau garis sekalipun. Apa yang sebenarnya terjadi adalah transaksi jual - beli yang dimulai dari data frekuensi dan volume yang akan membentuk perubahan harga karena ada price action
This video Umar was just a waste of time bro. please post simpler videos please, something that we can use...thank you! Nothing personal...
I have a question with you. What platform is the best option trading for crypto currency.
Still learning about daytrading, just started researching orderflow, this video helps alot, thanks Umar!
dont do, you will waste your tons of time, The educator job is to educate, but you should not research on everything without knowing its benefits. Have you seen someone making millions from orderflow?
Does anyone know how to get that data on TradingView charts? Thanks
I’d love to know why/when you choose futures vs options for your trades and why you don’t use es options vs spy options. Love to hear your thinking.
In 2024 @umarashraf bhai gonna be launch a new product
Guess what
Footprint charts :)
❤
New traders. Learn this one thing. Learn a strategy. Practice, tweek it, practice more. Be consistent, learn patience. I would advise in your learning days. Stay off of social media because all these ppl on UA-cam are not legit when it comes to trading. All these ppl have all these strategies everyone is not in your best interest. The UA-cam algorithm will keep sending you all these different ppl and will have a person trying this strategy and that 1. He saying 1 thing the next person says another. It can get confusing.
Interesting how everyone suddenly starts speaking about orderflow and footprints, after NV introduced it to the youtube retail education
We would like to see videos of your live trades even in sim
Thank you for sharing this Information but try not to jerk the chart around so much.
I am in love in Umar ..
Your personal strategy (setup) on livee chart with examples
brosky teaching geometry to people trying to learn algebra
You are awesome man, do you offer training classes? Thanks
If you are so good and make thousand of dollar profit Every day , why don’t you share you share original statements ahd why you waste your time making youtube videos 😁, for ad revenue and selling courses yeah
yes please
What the name of this chart how can I access in to it
Same quation 🎉
i have thinkorswim TD ameritrade plate from how and where i can see the this kind charat please advise...
sir also make vedio about DOM and how you plan your trade according to these tools
This method can be applied in Indian stock market ?
Stop watching many videos and concentrate on that one strategy u are in
Can crypto market do this as well
Y’all keep teaching order flow and they gone turn up the Algos on us
hey bro could you please answer me a question? i see all your videos using footprint, delta, orderflow, DOM tools and i want to know, WHERE can i have the same tools you use to make your trades bro? Can you let me know if i can have the same tools you use to make my trades, if yes where i can get them???
Hey umar would you happen to have your set up settings? Or is that one of those packages?