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when looking at a foot print charting the orders on the left side are executed on the bid , right side ask. are 100% of the orders on the ask all sellers and 100% bid all buyers
not sure what you don't understand. every trade needs a buyer and a seller. if the order gets executed on the bid, someone had a buy limit order (passive order) and someone used a marketable sell order (aggressive order) to hit that bid. and this trade is considered a sell. and that's 100% of the time, no exceptions.
in order to use footprint charts, one should have a sound understanding of order flow. and you seem to struggle quite a bit. so I agree, it's better for you not to use this kind of tool
Thanks Silvvester17,you and KahunaDog really gave me some insight of footprint chart,and I think both of you really understand how footprint and order flow works,could you point me a resource where I can learn more about footprint?Thank you!
I don't know. I think that course is pretty new. not sure what it's all about.
market delta got reorganized not too long ago. a lot of good stuff got lost (or maybe I just can't find it anymore). anyway for people new to footprint charts (btw created by market delta), there was a lot of useful information with explanations and examples.
They use DOMs for execution. These are not stand-alone DOMs but part of a platform.
I did not see some over the top charting when I experienced it.
Prop is a different culture of traders. They trade, not analyze.
Matt Z
Optimus Futures
There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]