Great video carmine👍. I use the volume profile and delta footprint to trade stocks. Some people argue that the value area concept is outdated. What is your take on it?
Excellent series man!! Ive been using Sierra chart and working with order flow tools for my futures trading for the past 7-8 months... I wish I would've had this at the beginning of my learning journey! There is so much to learn with the FP, the DOM, the VBP... so much of it so subtle and kinda counter-intuitive from what I thought I'd be seeing going into this. Your video series is such a great resource for learning this stuff. I'm finding alot of confirmation of things I've worked out on my own, as well as a few eye opening details that I had so far missed in my own SC order flow learning journey. Well done and Thank you. I'm reallly looking forward to episode 7, as well as repeated rewatches of the whole series!!
Ok one more thing Carmine, I get that you use the order flow to determine that a break of resistance will not have continuation because there was high buying volume in the order flow but failure to move higher. You have shown several examples of that in a few of these videos. But you NEED to show what the order flow looks like when there is continuation in the price movement. We need to be able to make a comparison of what high volume order flow looks like at key levels and the price actual does move higher confirming that continuation to the up or downside.
You know you can also do this yourself right. Just saying. This is a little bit entitled to ask if someone that already produces such high quality and detailed content.
@@ExtremeFaderNo he is asking for understanding when that happens very good question ofcourse he is saying he does not know what it means and need confrontation and input
@@ExtremeFader When it comes to money and investing with high positions i want both sides of the story.. So no , im sorry i dont see what your saying. You cant just rely on your own evaluation to teach yourself. What's the point of watching the video in the first place if that's your attitude.
I don’t think there is a definitive way to know which way the market is going to go at a resistance level, order flow or not, because then theoretically it would be very difficult to lose on a trade.. I assume this to be true for several reasons but most apparent will be Carmine’s recent losing streak which he publicly shared and corrected. It wasn’t a small losing streak either but as with all good risk management trading plans, if your losses are a lot smaller than your wins climbing out of a hole isn’t as hard as our imagination and psychology would lead us to believe. His mistake in that significant losing streak which is an additional variable for having an edge in the market is to know when the context of the market has shifted. Simply, are the bulls out running the markets breaking levels or are we in a sideways/down market where the bears have more control and they’re breaking the levels. It’s a cycle that must take place otherwise the market would move like a ping pong machine like he stated. Moral of the story is that the faster you are at recognizing the context of the markets and which animal is more in control, bulls or bears, the more accurate you’ll be at predicting whether levels will be reversals or continuations. From what I’ve seen this can be done with or without order flow.. some of the greatest traders I’ve seen with the biggest results don’t use order flow but the majority are swing traders who risk a lot. One last thing even when the market is at the top is has to reverse even if the bulls are in control because nothing goes straight up. Is it suicide to short the market when it’s at the top, yes. Can money be made if your right because you caught a quick reversal, yes. Is there a chart pattern that can help recognize these opportunities, yes. Is this chart pattern 100% accurate, no. Can you break even on such a risky trade and limit your loss to nothing, more times than not. Can order flow, recognize these very risky opportunities, I’m not sure. I haven’t listened to enough order flow traders to have a valid opinion. Carmine does inspire me to learn order flow more than any other person I’ve heard talk about but I know it’s not necessary to have an edge in the markets. Candlesticks do tell a story and blatantly do communicate to us what the market is doing and might potentially do… even Carmine uses candlesticks because being a purist with order flow seems maddening. Tapes and order low did come before sticks though so there are purists out there, but not the norm. Just my thoughts not financial advice 😉
You're dropping a lot of value with these series, such a good way to study and remind myself of things. I'll definitely watch them again. Thanks Carmine!
@Carmine the series is definitely helpful and has paid dividends. I am replaying them over and over. The tools mentioned in the video are starting to become clearer in their usage.
Carmine, best video yet!!! Absolutely a must watch if you want to understand true Volume and how to see a clearer picture when to enter a trade. Looking forward to video 7. Thank you...
Damn man! I can't believe all of these videos are FREE!!! I've been battling my retail mindset lately. I keep taking good setups but the small impatient "retail" mindset is holding me back from becoming profitable. I keep taking trades I know I shouldn't be and not taking the ones I should due my earlier losses. ahhh well part of the journey i guess . I definitely see the light at the end of the tunnel! Mahalo brother for all the great content! ALOHA
I so so so appreciate these episodes.. I dont know if you read your comments but thank you Carmine. I am a hopeful trader that refining his intraday trading strategy. These videos help immensely.
I watch your lessons 2-3 times. The 1st time is to just listen and follow the logic flow, the 2nd time is to really absorb and fully comprehend the information and the 3rd time is to put it to action. I'm a slow learner.
Bro, in the past mounts I started to watch a lot of your videos. You were explaining how after increase in Volume BY TIME on a candle there is really high probability for reversal, and even one of your trade recap you were showing this on multiple set ups
well as you can see from some of these examples, especially the high volume reversal, most of the time, volume by time increases as its reversing as it validates the concepts I explain in this video. So really as volume by price increases, depending on the timeframe chart you are looking at, volume by time will also spike. Thats why I look at these as reversals.
Beautiful series brother gold all the way thru on this one looking for reversals on breakouts is one of my major go to but this one takes a real mentality shift and discipline that takes time because lets get real here bro the instance someone uses this that is not used to it and it breaks out without the reversal they will return to the 90% herd thats just how it is but great for those that stay focused and disciplined keep up the great content bro God Bless for what you bring to the table that others will not or can not.
This order flow series is amazing and you absolutely crush teaching it. So thank you. My question is, how do I make my footprint/DOM look like yours? I checked out Sierra charts but after about 2 minutes I was lost and it started looking Chinese hahah. I use tradingview if that helps/matters. Thanks again
Follow footprint at time 28:00 of video, there are also big negative delta at some price levels of the 12:11, 12:20 bars. How to avoid entry in a hurry on these two bars? Because if the stop loss is too tight, it is likely to exit at a loss.
Yes I have found “fakeouts” seem to be the easiest, most guaranteed way to be right, once it tries in one direction and fails. I would like to know how you exit your trades, Carmine. Thank you!!
@@carmine_rosato I'd like to tentatively mention that I think there's a nomenclature issue building here. In summary, I much prefer the term 'bullish sweep', or 'bearish sweep.' On the footprint chart there fairly easy to see quickly and odds on to yield a good few points of profit.
I don’t know if this is a chart from yesterday. But looks like it. I’ve always been interested in order flow and studying level 2 Just haven’t gotten around to it. I saw that trap building all day. It was easy to see the structure. V vector , 3 drives to the top. HOW/HOD, shorts and longs both trapped. Overpriced. Short was def the play. EOD
Hi Carmine, Actually, the more I think about this, while Volume Footprint was necessary to realize the insights that you have, but once you have the insights, I think you also should be able to use regular candle sticks and time volume. This is because aggressive buyers cause the price to go up and aggressive sellers cause the price to go down. Therefore, when you have a green candle, you should be able to assume there were aggressive buyers, but if the price does not go up more after a green candle with a high volume, you should be able to assume that the price could no longer go up despite the large number of aggressive buyers. The Volume Foot Print should be more precise because it shows where in the green candle there were a large number of aggressive buyers, but even with the regular candle stick and the time volume, you should be able to use shorter timeframe to breakdown the candle stick and time volume to get more precise info. At the very least, when we see a green candle with a large volume, we should not need to wonder if it was caused by aggressive buyers or by aggressive sellers. It was not caused by aggressive sellers.
The last part of your statement isn’t exactly right. You can get a green candle with high volume and aggressive sellers. Which is just bids lifting the market and absorbing sellers at the current time. You wouldn’t know that unless you look at the data coming in I.e FP, DOM, heat map etc
@@MrRozayyy You wrote, "You can get a green candle with high volume and aggressive sellers. Which is just bids lifting the market and absorbing sellers at the current time." Does this actually happen? Aggressive sellers sell at Bids which is lower prices than Asks. Why would we get a green candle when more people are willing to sell at lower prices? I guess if the Asks are going up (people are unwilling to sell at lower prices) and Bids are also going up (people are willing to bid higher prices, but not as high as Asks), then if there are more sellers who are willing to sell at the Bids because the Bids are going up, then we could have more aggressive sellers with a green candle. But, this would be a very strange situation to have both sellers who are not willing to sell at lower prices and raising the Asks and sellers who are willing to sell at Bids while there are not as many aggressive buyers who are willing to pay Asks. Typically, the reason why Asks go up is because aggressive buyers take lower Asks. It seems to me this is a hypothetical situation that is theoretically possible, but probably very unlikely to happen in real life. But, do you actually see this?
@@JustStartingOut-nt8ve I trade gold and I see it happen not everyday but in certain situations. The same can apply to any symbol/asset you trade. Of the top my head on days where there’s a massive rally either up or down, you can see what we’re talking about which is known as a divergence or divergences. So strong buying or strong selling but the candle or bar closes against that. Theres two reasons this could occur. One is, aggressive participants are actually trying to sell/buy but are unable to take price in the intended direction due to stronger passive sellers/buyers. In some cases this isn’t a bad thing as when you see this you just have to patiently wait until the selling/buying does eventually outweigh the bid/ask, your job is just to identify when to actually get in and that takes time to learn. Second one, which in my opinion happens in most cases is, the aggressive selling/buying is actually just people closing their positions by market order. In the auction, let’s say you’re long for instance and you want to close that position at that very moment, then you’d market execute a sell position. That will show on the footprint as an aggressive seller. I can’t explain exactly why but that’s the basic terminology around it. So you could be seeing tone of selling at the highs but that could just be people closing longs and then vice versa for shorts. Wrote quite a lot but hope that helps.
I just checked Volume Footprint and if I look at 1 second chart, every green candle is associated with aggressive buying and every red candle is associated with aggressive selling. There was not a single green candle associated with aggressive selling. However, if I look at a 5 seconds chart or longer timeframe, there are cases when green candles are associated with aggressive selling. I think this is a problem with resolution. When you bundle so many transaction in a longer timeframe, meaning your sampling rate is low, you start to see aliasing. For example, let's say in one second, there is a down tick caused by a lot of aggressive selling, but in the next second, if there is an uptick caused by 1 aggressive buyer, then the candle stick that combines the 2 seconds could become a green candle with a lot of aggressive sellers. This would cause an illusion that the green candle was caused by aggressive sellers. But, the aggressive sellers actually took the tick down and the uptick was caused the aggressive buyer, but when you combine these info together, these details get lost.
@ yeah of course over a smaller tf i.e 1 second chart, you’ll hardly see what I’m talking about. I use a range chart so it’s easier to actually understand what potentially could occur in the next few minutes. A 1 second chart should only really be used if you’re looking to capture small ticks in the matter of seconds.
@@carmine_rosato Do you have instructional videos on how to use BookMap? i'm sorry to bother you but any response will be very much appreciated. Have great day!
I have understood absorption and exhaustion but I do not get it where to exactly enter? Many times my thesis is right but I get stopped out before trade moving in my direction. How do we pin point our entries.
great informative video, my question is on a continuation setup, do you consider size of your trade so you can sell along the way and take profits and still ride the momentum?
Hey, carmine, can you please explain how some of these topics may differ across the different trading platforms we have, such as forex, to futures to options
Hey Carmine I have really been enyoing you content. Ive been using the footprint charts on Trading view. But they do not offer them (footprint) for backtesting. Do you have any recommendations?
I would not recommend tradingview for order flow. They do not have accurate tick data. I use sierra and bookmap but other good platforms are ninjatrader, quantower, motive wave, etc
Ok I’m not paying for the heat maps and other software but I monitor the volume and mark where there is large volume but no movement. I than use those levels as points of interest. At specially for break outs. I’m seeing I need to start reversing my position. I don’t know if this make sense but it do work sometimes.
I think the greenscreen for your face cam looked a lot better then the tiny little bubble. I think the little bubble looks disproportionate and out of place. Anyways good video
Great video Carmine as always!! I have an observation and I'd love to hear your expertise, on the chart with the consolidation around the resistance level showing the volume by time, isn't the "RED" colors (shorts/bears) are dominating the "GREEN" (longs/bulls)? (Time in video around 8:47) Doesn't that already simply say the same thing? Are you able to differentiate and detect reversals using footprint/bookmap (order flow), if you have an idea of where to point me to get deeper understanding please let me know. Thank you :)
I like the video. I trade from my phone though. Sometimes in my car at work. So I don't have access to price volume. But I'm still pretty successful trading fake breakouts around the levels a draw on my tos app.
Hey Carmine great video series so far, I'm learning a ton! Question for you, are footprint charts available for all stocks (AAPL, TSLA, NVDA, etc) or only Futures? Looking forward to the rest of the series!
@@carmine_rosato thank you! I downloaded Sierra charts and have been messing around with it all day. Do you plan on doing a settings tutorial in this series?
That's nice but is nothing more then a trend continıation pullback. Sell it in parts. 1/4 first then the other 1/4 and so on. Trend and pullbacks; that's all. A resistance and support line means nothing.
Amazing! I got one question. As ES tracks top 500 stocks, why is it reading order flow of ES effective? I got this question because I believe what the price of 500 individual stocks will have a greater impact on the price of ES than people actually trading the ES. Wanted to know your thoughts. Thanks!
At a support level, if you have a large negative delta, but the market is not moving any lower, this is bullish. At a resistance level, if you have a high positive delta, but the market is not moving any higher, this is bearish.
It sounds like you're saying "Fustrated" instead of "Frustrated." You know there is an "r" after the first letter, right? I only ask because I honestly knew a guy from New York who pronounced "Flashlight" as "Fashlight" and did not ever know the second letter of the word is "l". I guess it makes sense if you have never had to spell the word "Flashlight" then you would have no way of knowing. But he was surprised to find out the word had two "l's" in it. Anyway, hope you're not insulted, I love your videoes and I appreciate the work you put into helping people trade.
I love this because of the concept BUT I think a lot of us would like to understand what you look for specifically. You say the delta clearly is high here but there’s no follow through, what’s delta what’s considered high delta. More specifics to people who don’t truly get it. Would like more specific help when it comes to understand the footprint what are the delta bars at the bottom what do you look for there what is a volume tail what isn’t a volume tail. How do you specifically pick your levels do you use footprint or just the candle stick chart. You mark tons of stuff out but never give a background up for why you use it. You are going in the right direction as far as helping but treat us like we are dumb. This is also coming from someone who watched all your orderflow stuff already multiple times.
You say a “lot of red” but then I look at your screen and don’t see a lot of red just see 50/50 red and blue and numbers roughly the same. Thats another thing visually I can’t see what you’re saying it isn’t clear to me yet.
You have to find levels of interest first (supply & demand). Then look at how the volume is reacting at those levels (accepting or rejecting) using tools such as footprint, DOM, Bookmap, and T&S. I know it’s not as simple as it is explained in these videos. They look easy after the fact.
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Surprised to see her mentioned here! She tailors trading courses to suit beginners’ needs and really knows her stuff. Her advice has been invaluable to my trading journey-definitely worth it!
Wealth building and financial freedom are attainable with the right knowledge and tools. Using proper financial strategies and products is essential to growing and sustaining long-term wealth.. glad to know you want others to succeed
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Thank you for sharing your experience. She’s helped grow my reserve, despite inflation, from $87k to $246k as of today..Her insights and daily siignals are worth following.
Please let me know if this video helped and if you are ready for Episode 7 showing live examples of how I enter and exit trades !
Great video carmine👍. I use the volume profile and delta footprint to trade stocks. Some people argue that the value area concept is outdated. What is your take on it?
Always, bring on ep7, need that. Thank you Carmine
@@carmine_rosato Very much looking forward to the next video. Thanks boss
I rarely look at VA
Got you
This is the absolute best and most in depth trading series on UA-cam. Period. Incredibly valuable. Thank you bro!
By far the best explanation / system/ approach to day trading for retail trader on UA-cam! Thank you so much for educating!
I appreciate that!
Excellent series man!! Ive been using Sierra chart and working with order flow tools for my futures trading for the past 7-8 months... I wish I would've had this at the beginning of my learning journey! There is so much to learn with the FP, the DOM, the VBP... so much of it so subtle and kinda counter-intuitive from what I thought I'd be seeing going into this. Your video series is such a great resource for learning this stuff. I'm finding alot of confirmation of things I've worked out on my own, as well as a few eye opening details that I had so far missed in my own SC order flow learning journey. Well done and Thank you. I'm reallly looking forward to episode 7, as well as repeated rewatches of the whole series!!
Thanks for the support!!
Crazy value. Carmine ain’t holding nothing back! Thank you bro.
lets go!
Gonna get a t-shirt that says "buyers gonna buy til the last buyer buys" 😂.
But for real this is quality stuff. Thanks for teaching.
lol thats true
These videos will bankrupt all those scammers selling courses 😂 great content and much appreciated ❤
Actually Carmine himself is selling courses. So Idk what you're talking about 😂
@greymindedguy easy son. That I did not know. Let's not be a keyboard warrior and be so aggressive. But much appreciated for the above information.
Ok one more thing Carmine, I get that you use the order flow to determine that a break of resistance will not have continuation because there was high buying volume in the order flow but failure to move higher. You have shown several examples of that in a few of these videos. But you NEED to show what the order flow looks like when there is continuation in the price movement. We need to be able to make a comparison of what high volume order flow looks like at key levels and the price actual does move higher confirming that continuation to the up or downside.
You know you can also do this yourself right. Just saying. This is a little bit entitled to ask if someone that already produces such high quality and detailed content.
@@ExtremeFaderNo he is asking for understanding when that happens very good question ofcourse he is saying he does not know what it means and need confrontation and input
@@ExtremeFader When it comes to money and investing with high positions i want both sides of the story.. So no , im sorry i dont see what your saying. You cant just rely on your own evaluation to teach yourself. What's the point of watching the video in the first place if that's your attitude.
I don’t think there is a definitive way to know which way the market is going to go at a resistance level, order flow or not, because then theoretically it would be very difficult to lose on a trade.. I assume this to be true for several reasons but most apparent will be Carmine’s recent losing streak which he publicly shared and corrected. It wasn’t a small losing streak either but as with all good risk management trading plans, if your losses are a lot smaller than your wins climbing out of a hole isn’t as hard as our imagination and psychology would lead us to believe. His mistake in that significant losing streak which is an additional variable for having an edge in the market is to know when the context of the market has shifted. Simply, are the bulls out running the markets breaking levels or are we in a sideways/down market where the bears have more control and they’re breaking the levels. It’s a cycle that must take place otherwise the market would move like a ping pong machine like he stated. Moral of the story is that the faster you are at recognizing the context of the markets and which animal is more in control, bulls or bears, the more accurate you’ll be at predicting whether levels will be reversals or continuations. From what I’ve seen this can be done with or without order flow.. some of the greatest traders I’ve seen with the biggest results don’t use order flow but the majority are swing traders who risk a lot. One last thing even when the market is at the top is has to reverse even if the bulls are in control because nothing goes straight up. Is it suicide to short the market when it’s at the top, yes. Can money be made if your right because you caught a quick reversal, yes. Is there a chart pattern that can help recognize these opportunities, yes. Is this chart pattern 100% accurate, no. Can you break even on such a risky trade and limit your loss to nothing, more times than not. Can order flow, recognize these very risky opportunities, I’m not sure. I haven’t listened to enough order flow traders to have a valid opinion. Carmine does inspire me to learn order flow more than any other person I’ve heard talk about but I know it’s not necessary to have an edge in the markets. Candlesticks do tell a story and blatantly do communicate to us what the market is doing and might potentially do… even Carmine uses candlesticks because being a purist with order flow seems maddening. Tapes and order low did come before sticks though so there are purists out there, but not the norm. Just my thoughts not financial advice 😉
You're dropping a lot of value with these series, such a good way to study and remind myself of things. I'll definitely watch them again. Thanks Carmine!
Your episode series is very useful to understand order book.
I appreciate .your work from bottom of my heart
Glad to hear that!! thank you for the support
The production quality on this series is great, very visually entertaining to stay engaged with the topic.
Carmine is a wizard of the markets 🎉
wizard ahah
i think you read the market wizard book
Amazing episode, I'm looking forward for next episode about how to actually execute the trades with confirmation and stop loss
coming this week!
Another great in this series... I will be going back over the series..... Thanks I longed that breakout reversal you pointed out today, but missed...
Great explanation Carmine. As always amazing insides. This is very difficult and abstract material. I admire you and your skill to read the market!
Thank you so much! keep it simple
This really changes my perspective (for the better) when it comes to volume. Thank you!
Glad it was helpful!
At the end of the series can you please create a video on how to setup all the tools and templates like your you used for the illustration?🙏
Love how you broke this down! Step Finance keeps my Solana investments on track like never before.
Awesome series! Can't wait for episode 7!
coming soon!
Simply legend's stuff Carmine, thanks so much for taking the time and effort to make this series of videos, great great value to traders🙏🏼🙏🏼🔥
lets go!!!
@Carmine the series is definitely helpful and has paid dividends. I am replaying them over and over. The tools mentioned in the video are starting to become clearer in their usage.
Excellent vid expanding on basic volume profile analysis with volume by time
Awesome Video. You explained in a different level, the Psychology behind the move and the cause of the move. 🙏
thanks for watching!
Carmine, best video yet!!! Absolutely a must watch if you want to understand true Volume and how to see a clearer picture when to enter a trade. Looking forward to video 7. Thank you...
truth, thank you!
I was expecting volume profile but it is a good video
Thank you brother!! Always great content!!!
I appreciate that!
Damn man! I can't believe all of these videos are FREE!!! I've been battling my retail mindset lately. I keep taking good setups but the small impatient "retail" mindset is holding me back from becoming profitable. I keep taking trades I know I shouldn't be and not taking the ones I should due my earlier losses. ahhh well part of the journey i guess . I definitely see the light at the end of the tunnel! Mahalo brother for all the great content! ALOHA
lets go!!! you got it!
Carmine dropping knowledge again! Thanks man! FACTS. This guy is Dope!!!
Lets go!!!
Thanks Carmine!
I'm looking forward to see "tutorial video" on how to set up that FootPrint on Sierra charts.
It's free
@ what is free? Sierra? You gotta pay for software and on top of that you gotta pay for data
I so so so appreciate these episodes.. I dont know if you read your comments but thank you Carmine. I am a hopeful trader that refining his intraday trading strategy. These videos help immensely.
You can do it!
I watch your lessons 2-3 times. The 1st time is to just listen and follow the logic flow, the 2nd time is to really absorb and fully comprehend the information and the 3rd time is to put it to action. I'm a slow learner.
You need to watch these lessons many times and you will pick up new information each time!
Thanks Carmine. Awesome explanation
You are so welcome!
Bro, in the past mounts I started to watch a lot of your videos. You were explaining how after increase in Volume BY TIME on a candle there is really high probability for reversal, and even one of your trade recap you were showing this on multiple set ups
well as you can see from some of these examples, especially the high volume reversal, most of the time, volume by time increases as its reversing as it validates the concepts I explain in this video. So really as volume by price increases, depending on the timeframe chart you are looking at, volume by time will also spike. Thats why I look at these as reversals.
Awesome video Carmine! Thank you!
These are my favorite setups. Look above and fails. Look below and fails.
yep, me too
Beautiful series brother gold all the way thru on this one looking for reversals on breakouts is one of my major go to but this one takes a real mentality shift and discipline that takes time because lets get real here bro the instance someone uses this that is not used to it and it breaks out without the reversal they will return to the 90% herd thats just how it is but great for those that stay focused and disciplined keep up the great content bro God Bless for what you bring to the table that others will not or can not.
thank you! this is the truth!
Thanks Carmine - great video.
Great Vid Carmine! Can you do a future video setting up sierra charts and how to use the software? Thank You.
yes
Amazing video, you just explained to me the exact mistake i did today
Glad it helped!
Bro you are literally fixing my life with this... rent will finally be paid on time lol
Lets go!!!
Wish I knew this when I first started.
its very powerful
Such detailed explanation ❤
Waiting a whole month or so base on previous schedule for rest of 2 episodes is insane lol
Last two episodes coming this week!
Fantastic content Carmine, thank you very much
You're very welcome!
This order flow series is amazing and you absolutely crush teaching it. So thank you. My question is, how do I make my footprint/DOM look like yours? I checked out Sierra charts but after about 2 minutes I was lost and it started looking Chinese hahah. I use tradingview if that helps/matters. Thanks again
thank you, mine are all custom that I created. I would not recommend tradingview for order flow due to not accurate tick / bbid ask data
ready for #7!
coming soon!
Can you make a video on how you draw support and resistance and on which TF you use to draw it ?
I’d recommend watching the previous episode of this series.
Follow footprint at time 28:00 of video, there are also big negative delta at some price levels of the 12:11, 12:20 bars. How to avoid entry in a hurry on these two bars? Because if the stop loss is too tight, it is likely to exit at a loss.
9:09 what is this chart called? how can i get it on trading view, or for free somewhere?
thank you brother.
thank you man!
Yes I have found “fakeouts” seem to be the easiest, most guaranteed way to be right, once it tries in one direction and fails. I would like to know how you exit your trades, Carmine. Thank you!!
Yep, coming soon!
@@carmine_rosato I'd like to tentatively mention that I think there's a nomenclature issue building here. In summary, I much prefer the term 'bullish sweep', or 'bearish sweep.'
On the footprint chart there fairly easy to see quickly and odds on to yield a good few points of profit.
I don’t know if this is a chart from yesterday. But looks like it.
I’ve always been interested in order flow and studying level 2
Just haven’t gotten around to it.
I saw that trap building all day. It was easy to see the structure. V vector , 3 drives to the top. HOW/HOD, shorts and longs both trapped. Overpriced. Short was def the play. EOD
Hi Carmine, Actually, the more I think about this, while Volume Footprint was necessary to realize the insights that you have, but once you have the insights, I think you also should be able to use regular candle sticks and time volume. This is because aggressive buyers cause the price to go up and aggressive sellers cause the price to go down. Therefore, when you have a green candle, you should be able to assume there were aggressive buyers, but if the price does not go up more after a green candle with a high volume, you should be able to assume that the price could no longer go up despite the large number of aggressive buyers. The Volume Foot Print should be more precise because it shows where in the green candle there were a large number of aggressive buyers, but even with the regular candle stick and the time volume, you should be able to use shorter timeframe to breakdown the candle stick and time volume to get more precise info. At the very least, when we see a green candle with a large volume, we should not need to wonder if it was caused by aggressive buyers or by aggressive sellers. It was not caused by aggressive sellers.
The last part of your statement isn’t exactly right. You can get a green candle with high volume and aggressive sellers. Which is just bids lifting the market and absorbing sellers at the current time. You wouldn’t know that unless you look at the data coming in I.e FP, DOM, heat map etc
@@MrRozayyy You wrote, "You can get a green candle with high volume and aggressive sellers. Which is just bids lifting the market and absorbing sellers at the current time." Does this actually happen? Aggressive sellers sell at Bids which is lower prices than Asks. Why would we get a green candle when more people are willing to sell at lower prices? I guess if the Asks are going up (people are unwilling to sell at lower prices) and Bids are also going up (people are willing to bid higher prices, but not as high as Asks), then if there are more sellers who are willing to sell at the Bids because the Bids are going up, then we could have more aggressive sellers with a green candle. But, this would be a very strange situation to have both sellers who are not willing to sell at lower prices and raising the Asks and sellers who are willing to sell at Bids while there are not as many aggressive buyers who are willing to pay Asks. Typically, the reason why Asks go up is because aggressive buyers take lower Asks. It seems to me this is a hypothetical situation that is theoretically possible, but probably very unlikely to happen in real life. But, do you actually see this?
@@JustStartingOut-nt8ve I trade gold and I see it happen not everyday but in certain situations. The same can apply to any symbol/asset you trade. Of the top my head on days where there’s a massive rally either up or down, you can see what we’re talking about which is known as a divergence or divergences. So strong buying or strong selling but the candle or bar closes against that. Theres two reasons this could occur. One is, aggressive participants are actually trying to sell/buy but are unable to take price in the intended direction due to stronger passive sellers/buyers. In some cases this isn’t a bad thing as when you see this you just have to patiently wait until the selling/buying does eventually outweigh the bid/ask, your job is just to identify when to actually get in and that takes time to learn. Second one, which in my opinion happens in most cases is, the aggressive selling/buying is actually just people closing their positions by market order. In the auction, let’s say you’re long for instance and you want to close that position at that very moment, then you’d market execute a sell position. That will show on the footprint as an aggressive seller. I can’t explain exactly why but that’s the basic terminology around it. So you could be seeing tone of selling at the highs but that could just be people closing longs and then vice versa for shorts. Wrote quite a lot but hope that helps.
I just checked Volume Footprint and if I look at 1 second chart, every green candle is associated with aggressive buying and every red candle is associated with aggressive selling. There was not a single green candle associated with aggressive selling. However, if I look at a 5 seconds chart or longer timeframe, there are cases when green candles are associated with aggressive selling. I think this is a problem with resolution. When you bundle so many transaction in a longer timeframe, meaning your sampling rate is low, you start to see aliasing. For example, let's say in one second, there is a down tick caused by a lot of aggressive selling, but in the next second, if there is an uptick caused by 1 aggressive buyer, then the candle stick that combines the 2 seconds could become a green candle with a lot of aggressive sellers. This would cause an illusion that the green candle was caused by aggressive sellers. But, the aggressive sellers actually took the tick down and the uptick was caused the aggressive buyer, but when you combine these info together, these details get lost.
@ yeah of course over a smaller tf i.e 1 second chart, you’ll hardly see what I’m talking about. I use a range chart so it’s easier to actually understand what potentially could occur in the next few minutes. A 1 second chart should only really be used if you’re looking to capture small ticks in the matter of seconds.
Extremely helpful
Glad you think so!
is there a video on how to read the volume profile chart?
Here is a kicker, how long do you wait as soon as it breaks for confirmation for a reversal?
Cheers
Editor needs a raise 🔥
hahaha
Great video Carmine... Do you still have your discord group? Do you know of any footprint platforms for mobile?
I do.
I am not sure of any platforms on mobile
Excellent video CR. What are your thoughts using Bookmap as a xtra tool?
I use it daily!
@@carmine_rosato Do you have instructional videos on how to use BookMap? i'm sorry to bother you but any response will be very much appreciated. Have great day!
I have understood absorption and exhaustion but I do not get it where to exactly enter? Many times my thesis is right but I get stopped out before trade moving in my direction. How do we pin point our entries.
Episode 7 will address this
great informative video, my question is on a continuation setup, do you consider size of your trade so you can sell along the way and take profits and still ride the momentum?
yes absolutely
Hey, carmine, can you please explain how some of these topics may differ across the different trading platforms we have, such as forex, to futures to options
Hi Carmine, does this apply the same on higher timeframe? thanks~
The timeframe of the market, which is any timeframe
Hey Carmine I have really been enyoing you content. Ive been using the footprint charts on Trading view. But they do not offer them (footprint) for backtesting. Do you have any recommendations?
I would not recommend tradingview for order flow. They do not have accurate tick data. I use sierra and bookmap but other good platforms are ninjatrader, quantower, motive wave, etc
Thanks Carmine. Please make a video going though all tradezella R stats for october
Can you tell where to get footprint charts from and how much it cost.
I use sierra. You can use any platform which offers them
You deff from New Jersey
I am
where do you get your volume footprint and tools?
Can you drop a video on your footprint chart settings?
Hi Carmine, how can I get that OrderFlow chart please?
any platform that offers it! I use bookmap and sierra
Do you use ,"iceberg" orders? Should they always be used?
If you can properly identify an iceberg order price promptly you can certainly trade it. E.g. scalps with your SL just behind it.
I do not use them
Ok I’m not paying for the heat maps and other software but I monitor the volume and mark where there is large volume but no movement. I than use those levels as points of interest. At specially for break outs. I’m seeing I need to start reversing my position. I don’t know if this make sense but it do work sometimes.
sorry for the ignorance but where do you see the volume? is it an app I'm new to this
any platform!
Thank you!!!
I wish I had to run into you about 7 years ago...
well you did now!
Carmine you giving away to many secrets!! lol
I think the greenscreen for your face cam looked a lot better then the tiny little bubble. I think the little bubble looks disproportionate and out of place. Anyways good video
thank you for the feedback
Do you have a particular setup on your Delta Foot Print in regards to the way you have it on Sierra Chart platform?
How do i get my foot print chart to look like this?
Great video Carmine as always!!
I have an observation and I'd love to hear your expertise, on the chart with the consolidation around the resistance level showing the volume by time, isn't the "RED" colors (shorts/bears) are dominating the "GREEN" (longs/bulls)? (Time in video around 8:47) Doesn't that already simply say the same thing? Are you able to differentiate and detect reversals using footprint/bookmap (order flow), if you have an idea of where to point me to get deeper understanding please let me know. Thank you :)
What platforms you use for dom and heatmap?
watch episode 2 and 3 of this series. I use sierra and bookmap
he uses bookmap
pretty much emphasizes you have to do the opposite of what everyone else is doing, trading reversals is more profitable than chasing momentum
I find reversals to be better to trade than continuation, especially in a market like S&P 500
HI guys, can any one tell me what software is Carmine use for his footprint chart ? tx all
I like the video. I trade from my phone though. Sometimes in my car at work. So I don't have access to price volume. But I'm still pretty successful trading fake breakouts around the levels a draw on my tos app.
excellent
Hey Carmine great video series so far, I'm learning a ton!
Question for you, are footprint charts available for all stocks (AAPL, TSLA, NVDA, etc) or only Futures?
Looking forward to the rest of the series!
Available for everything. Denali (Nasdaq Total View) and DXFeed.
everything but I use it more for futs
@@carmine_rosato thank you! I downloaded Sierra charts and have been messing around with it all day. Do you plan on doing a settings tutorial in this series?
That's nice but is nothing more then a trend continıation pullback. Sell it in parts. 1/4 first then the other 1/4 and so on. Trend and pullbacks; that's all. A resistance and support line means nothing.
This happened to me today. I bought the breakout and lost money.
😂😂😂
🔥🔥🔥🔥🔥🔥🔥🔥🔥
I think you should do something about the way your voice sounds
Maybe it's juste me but i hear a bit too much high frequencies it's tiring
Amazing! I got one question. As ES tracks top 500 stocks, why is it reading order flow of ES effective? I got this question because I believe what the price of 500 individual stocks will have a greater impact on the price of ES than people actually trading the ES. Wanted to know your thoughts. Thanks!
Gaddam how did you learn all this shit man?
9 years of trading
At a support level, if you have a large negative delta, but the market is not moving any lower, this is bullish. At a resistance level, if you have a high positive delta, but the market is not moving any higher, this is bearish.
It sounds like you're saying "Fustrated" instead of "Frustrated." You know there is an "r" after the first letter, right? I only ask because I honestly knew a guy from New York who pronounced "Flashlight" as "Fashlight" and did not ever know the second letter of the word is "l". I guess it makes sense if you have never had to spell the word "Flashlight" then you would have no way of knowing. But he was surprised to find out the word had two "l's" in it. Anyway, hope you're not insulted, I love your videoes and I appreciate the work you put into helping people trade.
I love this because of the concept BUT I think a lot of us would like to understand what you look for specifically. You say the delta clearly is high here but there’s no follow through, what’s delta what’s considered high delta. More specifics to people who don’t truly get it. Would like more specific help when it comes to understand the footprint what are the delta bars at the bottom what do you look for there what is a volume tail what isn’t a volume tail. How do you specifically pick your levels do you use footprint or just the candle stick chart. You mark tons of stuff out but never give a background up for why you use it. You are going in the right direction as far as helping but treat us like we are dumb. This is also coming from someone who watched all your orderflow stuff already multiple times.
You say a “lot of red” but then I look at your screen and don’t see a lot of red just see 50/50 red and blue and numbers roughly the same. Thats another thing visually I can’t see what you’re saying it isn’t clear to me yet.
You have to find levels of interest first (supply & demand). Then look at how the volume is reacting at those levels (accepting or rejecting) using tools such as footprint, DOM, Bookmap, and T&S. I know it’s not as simple as it is explained in these videos. They look easy after the fact.
Simple solution, dont look at volume 😁😁.
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