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Thanks, very nice footprint chart. I'm trying to figure out how to read it. this is not just volume depicted on a tick by tick basis, right? is it sierra chart or market delta? I wish I've a nice software package like that...
Since this thread is about Insider Trading, you should instead direct your question to the Volume Profile thread, which also holds some Footprint discussion.
I felt that we needed a thread dedicated to the discussion of Volume Profile.
Some basics, you can hover over these and click on most of them to get more info in the wiki. I also encourage you guys to improve the wiki articles by editing …
Yes, but it created unintended consequences for senior officials in the Executive Branch, which has required full disclosure of financial data since 1978. Several former members wrote the following letter to Congress requesting quick action.
If anyone wants to publish their information, the form is below.
Broker: Advantage, Trading Technologies, OptionsCity, IQ Feed
Trading: CL, NG
Posts: 1,038 since Jul 2010
Thanks Given: 1,713
Thanks Received: 3,863
Per Mike's request, I'll hold off on explaining the intricacies of reading the footprint/volume ladder chart. But the chart itself is from Sierra Chart. Sierra and Market Delta are very similar in their offerings and both offer a free trial. Give them a shot and see what you think.
But back to the question at hand, I'm a firm believer in the thought that each market's move has a reason. A market maker may be able to attempt to influence a market to a degree but no one is bigger than the market and will only end up losing any type of games being played. The only manipulation that I see in the markets are from HFTs. I recall a few months back an HFT program go haywire and sweep the book in CL which ultimately ended up halting the entire energy complex. But that's a different conversation.