Best thing I ever did to level up my trading was to add footprint charts..I trade indices using the DOM & tape as tools but footprint really tells you why the candles are moving. It's almost a coin flip without the extra information you get from seeing the candles' delta.
I cover all of the context required in this playlist, which I would advise you to work through so you have a complete understanding of the market. ua-cam.com/play/PL9xm0VwlkNNiv_sPlqWHAsYc8AWFHY1YY.html
I’ve been trading with the DOM for several months now, mainly focusing on ZN and ZB, scalping a few ticks each trade. I see that the footprint chart can tell you the larger picture overall, but I currently think that the DOM itself is sufficient for scalping as you can see how the buyers and sellers are interacting at certain areas such as pressure points (e.g., no buyers/sellers are willing to hit back into the bid/offer or absorption/backticking) Would you recommend I explore the footprint in this case? Love the content. Cheers man
If that is working for you then I would suggest not changing, but if you want to explore it and see how that improves your efficiency, then by all means. The DOM has all of this information anyways. Just displayed differently
I am with you. I have the volume in numbers, but I can understand the reasoning behind having it on the footprint. I just have it on other charts, so do not need to replicate the data
@6:00 this is where the nonsense misinformation stops like "ICT fair value gap", "triangle/wedge/whatever patterns", "fibonacci this and that". Its ALL made up. The footprint shows the actual traded volume at each level. Meanwhile candles in tradingview are just empty outlines of the footprint, without any information of traded volume, or who moved the price and most importantly where exactly. Learn this or dont call yourself a trader.
Best thing I ever did to level up my trading was to add footprint charts..I trade indices using the DOM & tape as tools but footprint really tells you why the candles are moving. It's almost a coin flip without the extra information you get from seeing the candles' delta.
Completely agree with you mate, they make a massive difference in reading OrderFlow
Finally! A video where all this is explained clearly!
Thank you again 🙏
Would you use it in conjunction with the DOM to trade the ZN?
Glad you enjoyed it, dude! Yes, I only use footprint for imbalances and delta flows and pair it with a DOM for the passive orders
great vid! wonder how do you setup these imbalances stripes in sierra chart?
Will need to do a video about the imbalances set up for you🙂
This is totally new to me. How do you get this orderflow/footprint chart? Tradingview?
You will not get this on tradingview, you will need to use a more specialist platform. Such as Sierra Charts
@@MrOrderFlowOfficial Thank you
Can you make a video of how to Trade with the DOM and tape read as well? So we Can put everything together mate?
yes mate, can look into this for you!!
Can you show a good strategy integrating both the dom and footprint? Thanks appreciate it
I cover all of the context required in this playlist, which I would advise you to work through so you have a complete understanding of the market.
ua-cam.com/play/PL9xm0VwlkNNiv_sPlqWHAsYc8AWFHY1YY.html
I’ve been trading with the DOM for several months now, mainly focusing on ZN and ZB, scalping a few ticks each trade. I see that the footprint chart can tell you the larger picture overall, but I currently think that the DOM itself is sufficient for scalping as you can see how the buyers and sellers are interacting at certain areas such as pressure points (e.g., no buyers/sellers are willing to hit back into the bid/offer or absorption/backticking)
Would you recommend I explore the footprint in this case? Love the content. Cheers man
If that is working for you then I would suggest not changing, but if you want to explore it and see how that improves your efficiency, then by all means.
The DOM has all of this information anyways. Just displayed differently
Thanks for the video. Quick question, what percentage do you use for your imbalances? 300? Best regards Anders
I have mine set for 200% min, I find with 300% you only get them at the top and bottom of the candle flow :)
Hi again! Why no volume profile or delta profile on your footprint? To help visualize volume/delta.. Best regards Anders
Great question, I have that on my TPO chart as well as session VP on the DOM :)
@@MrOrderFlowOfficialI was thinking for every footprint candle (price level). Proportionally to all visible candles or a custom proportion.
I am with you. I have the volume in numbers, but I can understand the reasoning behind having it on the footprint. I just have it on other charts, so do not need to replicate the data
@6:00 this is where the nonsense misinformation stops like "ICT fair value gap", "triangle/wedge/whatever patterns", "fibonacci this and that". Its ALL made up. The footprint shows the actual traded volume at each level. Meanwhile candles in tradingview are just empty outlines of the footprint, without any information of traded volume, or who moved the price and most importantly where exactly. Learn this or dont call yourself a trader.
Completely agree mate, it gives you a much deeper sense understanding of the market as well.