Great content, thanks a lot! have you ever thought about reducing your time frame or even using tick charts? I think 5 minutes is a lot of time when markets are experiencing high volatility.
Hi Daniel, thanks for the feedback. Some traders do very small timeframe, it all depends on your style of trading. Usually 5minute chart is not the lowest reference timeframe. Some traders use 1sec charts for example, but it depends trader to trader.
Great content. Thanks mate! Question - since FX markets are decentralised, does that mean that a broker-specific footprint chart would not provide "accurate" information? Or would it be reasonable to assume that the broker's buyer/seller interaction should theoretically mirror what the futures market footprint would show?
Yea decentralisation means visualising real broker specific orders is way less reliable than for futures. FX footprints should only ever display volume at price levels which is calculated by price fluctuation per tick and how much time is spent at each level and so they're based solely on price action instead of keeping a record of real orders
I don't know what software he's using. You can get volume profile indicators on trading view but for the footprint and order flow analysis you'll need advanced charting software I use sierracharts but check out ninjatrader, motivewave, multicharts too there's a tonne see what works for you
@@isaacperry9593 lol....I hear ya! These axis guys are a joke. He's wrong on just about every move. "Oh hey, look, this should go up now....oh wait, sellers came in, it's going down". "Now the price is going up, buyers stepped in". Typical bs to make money on TH-cam videos.
@@russjamison9041 ye I think alot of his "strategies" suck but I can vouch for the tools he's using. Volume profile and the footprint are sick i think you've gota figure out how to use em in your own way tho
![5 Principles To Identify Auction And Absorption [FOOTPRINT CHART]](http://i.ytimg.com/vi/dfz2rvzSpN4/mqdefault.jpg)
![5 Principles To Identify Auction And Absorption [FOOTPRINT CHART]](/img/tr.png)
![3 Differences Between Consolidation & Absorption [FOOTPRINT CHART]](http://i.ytimg.com/vi/wB6S1K85bsg/mqdefault.jpg)
Great tutorial guys, I'm studying every word of what is said in these videos, congratulations and thanks for sharing
Keep up the good work Luan. Glad you like it.
Amazing interpretation
Great content, thanks a lot! have you ever thought about reducing your time frame or even using tick charts? I think 5 minutes is a lot of time when markets are experiencing high volatility.
Hi Daniel, thanks for the feedback. Some traders do very small timeframe, it all depends on your style of trading. Usually 5minute chart is not the lowest reference timeframe. Some traders use 1sec charts for example, but it depends trader to trader.
Thanks
OK i think i understood by wachting your nice video. THX a lot
HI, it would be very interesting, when you did enter the market?
Great content. Thanks mate! Question - since FX markets are decentralised, does that mean that a broker-specific footprint chart would not provide "accurate" information? Or would it be reasonable to assume that the broker's buyer/seller interaction should theoretically mirror what the futures market footprint would show?
Yea decentralisation means visualising real broker specific orders is way less reliable than for futures. FX footprints should only ever display volume at price levels which is calculated by price fluctuation per tick and how much time is spent at each level and so they're based solely on price action instead of keeping a record of real orders
I found you yes 🤩
whih software is that ?? and can u show this on tradingview ??
I don't know what software he's using. You can get volume profile indicators on trading view but for the footprint and order flow analysis you'll need advanced charting software I use sierracharts but check out ninjatrader, motivewave, multicharts too there's a tonne see what works for you
All well and good but the forex market is driven by spot.
All you are doing is narrating the past.
Narrating trading live can be pretty difficult bro😅
@@isaacperry9593 lol....I hear ya!
These axis guys are a joke. He's wrong on just about every move.
"Oh hey, look, this should go up now....oh wait, sellers came in, it's going down".
"Now the price is going up, buyers stepped in".
Typical bs to make money on TH-cam videos.
@@russjamison9041 ye I think alot of his "strategies" suck but I can vouch for the tools he's using. Volume profile and the footprint are sick i think you've gota figure out how to use em in your own way tho