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The Only FOOTPRINT Chart Guide you'll Ever Need - Accelerated Orderflow Course — Transcript

by Andrea Cimi · 3,069 words · 425 segments · language en · Watch on YouTube

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0:00[Music]
0:00you're probably using these candles so
0:01what if I told you you have been trading
0:03with half of the information you could
0:05get in this video I will tell you
0:06exactly how to access a deeper layer of
0:08information to basically put your normal
0:10candles on steroids and give a boost to
0:13your Edge and your profits while the
0:14biggest problem from newest Trader is
0:16mindset trading is still a very
0:17technical thing anyway information has
0:19always been a determining factor between
0:21who is successful on the markets and who
0:23is not and let me tell you something big
0:24Market participants are not day trading
0:26price action the level of Technology
0:28they use is way above yours so the bare
0:30minimum First Step you should make as a
0:32Trader is to access the best level of
0:33information you can get and especially
0:35if you're a day trader or a scalper one
0:37of the best tools that you can use is
0:38hands down orderflow and I'm not talking
0:40about reading price action try to
0:42interpret what the underlying orderflow
0:45institutional orderflow might be doing
0:47maybe I'm talking about subscribing to a
0:49data feed and access a new layer of data
0:51that tells you what actual orderflow is
0:53doing it's kind of different and by the
0:55way this video is actually a part of a
0:57series of video I'm making on this
0:59channel on how to order flow and how to
1:00get an edge out in this video we will
1:02dive deep into type of chart which has
1:04become my favorite trading tool firstly
1:05created by the company Market Delta
1:07called footprint chart also known as
1:09orderflow candles but if you didn't see
1:11the previous videos on orderflow let me
1:13first introduce you to basic Market
1:14mechanics you have to know that in the
1:15market there's two main forces two main
1:18types of liquidities and I'm not talking
1:20about buyers and sellers I'm talking
1:21about aggressive buyers and sellers and
1:23passive buyers and sellers let me
1:25explain what you see here is an example
1:26of order book which is basically sell
1:29limits in the ask and buy limits in the
1:32bid this is also called Market maker
1:34liquidity or passive Sellers and passive
1:36buyers you can basically see it as a
1:38menu as a catalog of the market these
1:40are orders being offered to the market
1:42exactly like in an auction so these
1:44orders are basically selling hey here is
1:4610 contracts for anyone who wants to buy
1:48or sell them so they are passive they
1:49are waiting for someone to go and buy on
1:51them or sell on them and if in the
1:53market there were only these orders
1:55Market wouldn't move a single tick we
1:56will call this the best ask and the best
1:58bid which is going to be the best price
2:00where someone can buy or sell Market
2:02this little bubble here represents
2:04aggressive buyers so people actually
2:06buying clicking buy button and taking
2:09the initiative of accepting a slightly
2:12worse price as long as they can get
2:13filled that's why we call them
2:15aggressive the last price where at least
2:16one contract was executed was here this
2:18level is the current price then an
2:20aggressive seller kicks in and sells 10
2:22contracts here so this sellers actively
2:25clicked the sell button with 10
2:26contracts this is an aggressive seller
2:28who is consuming these 10 contracts that
2:31were in the order book so now in both of
2:33these levels there is no contract that
2:35passive liquidity has been consumed by
2:37aggressive liquidity and the current
2:38price is now this level because this is
2:41where the last contract has been
2:42executed now the best ask or the best
2:44level at which there's at least one sale
2:46contract in the order book is here the
2:48best bid is here so if price started
2:50here with the first contract executed
2:52and then went down here if another
2:54aggressive buyer buys five contracts
2:56here the candle will turn up and the new
2:58price level is this one now if we take
3:00all those contracts that has been
3:02executed and summarize them on the side
3:04of the candle this is a footprint chart
3:06so a footprint chart doesn't just show
3:08us the candle but also what's the reason
3:11behind the movements of that candle how
3:13many contracts were executed at which
3:15price level and who was in general more
3:17aggressive now let's take a look at an
3:19actual example this is an orderflow
3:21candle as you can see and here we have
3:23the order book so this is the bid so buy
3:25limits this is the ask so sell limits
3:27and we can already see in this level
3:30over here 5325 which is going to be this
3:32level there is 400 contracts which is a
3:35bigger order than all the rest so let's
3:37see how the market will interact with
3:38that order now more contracts are been
3:40executed here 25 contracts taken from
3:42these 130 then more contracts has been
3:44sold and bought those 130 that were here
3:47were executed now we're tapping into
3:48those 310 contracts and as we can see
3:51those contracts has been fully consumed
3:54now price reverses price starts tapping
3:56back into that area and more and more
3:58contracts are be executing in area so in
4:00every level of price there is always
4:03both sides of liquidity always buyers
4:05and sellers in every level of price now
4:07let's get this out of the way and just
4:09focus on the footprint because these
4:11candles has many elements as you can see
4:13there's many colors there's many things
4:15there many information that you need to
4:16understand the first thing you notice is
4:18that in every candle there is a yellow
4:20box which is the level at which most
4:23contracts has been executed so a shift
4:25in the point of control where the point
4:26of control is here and then it's here is
4:28the first signal of bearishness then
4:30some of these numbers as you can see are
4:32more colored than others the so-called
4:34imbalances in the order flow or
4:36imbalances in the auction so these 324
4:39contracts are highlighted because they
4:41are at least four times bigger than 51
4:44so imbalances are calculated diagonally
4:47because in the order book this would
4:48have been the best ask this would have
4:50been the best bid so in that part of the
4:53auctioning process there was a higher
4:55level of aggression on this level that's
4:58why they're calculated diagonal so when
5:00in a candle we see that there's a lot of
5:02aggression on one side we call this an
5:04initiative or initiation phase and if
5:07this number is at least two times bigger
5:09than this one it would be highlighted as
5:11a sell imbalance or if it's bigger more
5:14than four times of the counterpart it
5:16would be highlighted even more so this
5:18is a 400% imbalance this is a 200%
5:21imbalance this is a 200% imbalance this
5:24is a 200% imbalance this is a 400%
5:26imbalance so we have two different kinds
5:28of imbalance the these numbers 200% 400%
5:31can also be optimized eventually then as
5:33you can see every auction develops like
5:35this so usually in a normal auction you
5:37will find a zero here and a zero here so
5:40there's a zero here and a zero here a
5:42zero here and a zero here but not always
5:45as you seen in this candle we have 54
5:47here here there was supposed to be more
5:49contracts but sellers were aggressive
5:52enough to push price lower and not
5:55finish this auction over here so usually
5:58when we have numbers in both we will
6:00call this an unfinished auction and
6:02there's a good chance that these level
6:04will be taken then some of these boxes
6:06are more colored than others so this one
6:08is gray the background of it is
6:10completely green and this color is
6:12determined by the relationship between
6:14the contracts traded here and the
6:16contract traded here this is called the
6:18Delta because it's the difference
6:19between these two this version by the
6:22way takes also in account aggregate
6:24volume and absorption which is a
6:26different concept maybe we will go deep
6:27into it in the next videos but anyway
6:29these color means a strong level of
6:31aggression and absorption at the same
6:33time because 700 contracts were executed
6:35here so there was a lot of aggressive
6:37buying on this level but there was also
6:38a lot of passive selling on this level
6:41then in most Footprints you can go into
6:43their settings and instead of ask and
6:45bid split you can just put the volume
6:47and it will give you the total volume of
6:49that candle or the Delta volume of that
6:52candle or both the Delta and the total
6:54volume which would look something like
6:55this Delta and total volume personally I
6:58like to use this visualizer ation gives
7:00me the total volume with that volume
7:02profile in the background the color of
7:04each and every one of those bars is
7:05based on Delta and still I have all the
7:07information about the imbalances in the
7:09footprint this instead is the 5 minute
7:11version of the same chart and sometimes
7:13I like to use the 5 minute because it
7:14removes some of the noise and you can
7:16see things a little bit more clearly so
7:18what we can see here as an example to
7:19give a context is that we had highs
7:21above here and we're actually at the
7:23alltime highs and what often happens
7:25alltime highs is that there's going to
7:26be a huge phase of absorption here
7:29followed by a phase of initiative this
7:31is a pattern I love to use which is
7:32called the rni pattern or response and
7:35initiative pattern so if we have an area
7:37where we want to sell what we will wait
7:39for is above these highs to First have a
7:41phase of initiative where we see a lot
7:43of aggression and imbalances and Delta
7:47once we reach the top we have cell
7:50imbalances on top which suggests us a
7:52strong level of aggression in those
7:54levels an exhaustion in the last two
7:56levels where you can see from 300 cont
7:59contracts of aggression aggressive
8:00buyers stopped being so present at these
8:03levels same thing over here 400 and then
8:0577 plus an inbalance right on top then I
8:09want to see this a big war between big
8:11fishes this is not hunting for retail
8:13stop- losses this is a war between huge
8:16Market participants hfts hedge funds
8:18there's a lot of stuff going on over
8:20here the last part of this absorption
8:22phase ends exactly here where after the
8:25first seller aggression we try to tap
8:28back into this level as you can clearly
8:30see here this bar is full of aggressive
8:33buyers that tried to buy into this level
8:35but there was a seller front running all
8:37of that pressure absorbing all of those
8:40buyers and right after here a huge bomb
8:43of imbalances lower volume and high high
8:46high aggression starts happening so we
8:49have the response phase and we have the
8:51initiative phase R and I responsiveness
8:54over here absorptions and then
8:57initiative now if you're an ICT Trader
8:59you would probably draw something like
9:01this and defining it as an imbalance or
9:04a fair value Gap me as an order flow
9:06Trader I would consider these imbalances
9:08these cluster of actual orderflow
9:11imbalance or even these ones as a
9:13potential cell Zone but I would consider
9:15this as the order block because this is
9:18where the order block or the block of
9:20orders actually was so this is the first
9:23block of orders and this is the second
9:25block of orders where you have this
9:26absorption and as you can see we tap
9:28right into that level once we get here
9:31we have an imbalance on top over here
9:33imbalance on top over here more
9:35imbalances more aggression then three
9:37imbalances in a row which is a really
9:40high probability cell signal and with an
9:42unparalleled Precision we basically go
9:45down for the rest of the session but
9:47let's dive deeper and see how we went
9:49down as you can see here the same thing
9:51start happening we have the cluster of
9:53imbalance here so this would be our area
9:55right here we have new fair value and
9:58right here we have another absorption
9:59you see those 1,000 contracts here we
10:01try to push back down jump back up 1,000
10:04buying contracts are absorbed over here
10:06and then the next candle is an
10:08initiative candle a lot of imbalances
10:10low volume and then we find for Value
10:12again so if you as a ICT Trader would
10:16maybe consider this as an imbalance and
10:18as a fair value Gap with order flow I
10:20can clearly see that the fair value Gap
10:22is here because there's low volume and
10:25already here we started finding fair
10:26value so the part that I would like to
10:28see fill is actually this one with a
10:31much higher precision and again I will
10:33notice that this is my absorption level
10:35so my area would be something like this
10:36from this level and the actual fair
10:38value Gap with imbalances and as we can
10:41see clearly the level of precision that
10:43real orderflow can give us can provide
10:45us not only with a higher win rate but
10:47with a higher risk to reward ratio now
10:48as we dropped off we found liquidity in
10:51this area the more we tried to go down
10:53here the less interest there was volumes
10:55start dropping really quickly once we
10:57try to once we try again to trade into
10:59those levels same thing over here same
11:01thing over here another phase of
11:03absorption here initiative imbalance of
11:06the bot on the bottom of the candles so
11:07we trade back up into this area so when
11:10we trade into that area we see
11:11imbalances on top an unfinished auction
11:14which has been pierced through and then
11:16again inbalance on top a new phase of
11:18fair value and responsive auction above
11:21here and here new volume starts kicking
11:23in and from exactly this point we
11:25realize that a new fair value Gap is
11:28about to happen would also so just use
11:30this as a confirmation for the entry and
11:32enter one tick below so we have our
11:34first imbalance cluster over here and as
11:36we can see every imbalance cluster or
11:39fail value Gap was exactly tapped in and
11:42retested every single time this is most
11:44common in the beginning part in the
11:46latter part of the impulse is less and
11:48less High likely to happen and also in
11:51this last big initiative candle over
11:53here this is the real fair value Gap
11:55because here we actually found again
11:58fair value a lot of of orders were
12:00executed inside this area there was a
12:01lot of absorption on both sides these
12:04passive buyers tried to absorb all the
12:05selling pressure but couldn't make it
12:07aggressive buyers also tried to push up
12:10here but were completely absorbed and
12:12right after this we have a new fair
12:14value Gap here a new imbalance but
12:17actual imbalance not price imbalance
12:18orderflow imbalance so it's highly
12:20probable that they will defend these
12:23position taking in this area and as we
12:25can see as we tap into these two areas
12:28over here exactly on this level and as
12:31you can see clearly after we found more
12:33fair value here we tried another
12:36initiative here but then as we can see
12:38from this imbalance on the bottom price
12:40started running back up run right until
12:43here and exactly there with this 1,000
12:46contracts sellers start absorbing all
12:48the buying pressure all over again new
12:50imbalance on top 3001 new imbalance on
12:53top 206 and we go down again then when
12:55we try and tap back into this exactly
12:58the same thing happen imbalance on top
13:00exhaustion in in aggressive buying new
13:03imbalances and we go down again then we
13:05run back into that level apparently and
13:07the situation is exactly the same these
13:10big orders and position are being
13:13defended we have absorption of buyers
13:15here and imbalance on top here we
13:18exhaust every buying pressure new
13:20imbalance on top over here new
13:21initiative starts buyers try to tap back
13:24into that level and they get absorbed
13:26once more this is a clear sign that they
13:28are not willing to let price go back up
13:31and as we can see from here once we
13:33finished this responsive phase big
13:35imbalances tested and we go down again
13:38the session then gets to its Final Phase
13:40where the most volume is traded as you
13:41probably don't know you probably think
13:43that most volume is traded at the
13:45beginning of the session but it actually
13:47is traded in the last 10 minutes of the
13:49session because all the day Traders all
13:50the day trading algorithms all the
13:52market own closed orders start exiting
13:55the market and we end with a very
13:57bearish session so this was just an
13:59example on how you can be much more
14:01precise with real orderflow and see
14:03what's really going on behind candles
14:05see the fight between big Market
14:07participants and also understand that
14:09retails are meaningless in these fights
14:11but that you as a retail can get really
14:14valuable insights on these fights make
14:16more informed decisions and also be way
14:19more objective because you don't have to
14:21guess that there's a fair value Gap you
14:22can see it with orders when you see
14:24choppy price action you might say huh
14:25there's not a lot of interest there's
14:26not a lot of volume but actually if you
14:28see what's happening behind the candles
14:30you will see that there's a lot of
14:31volume going on and there's a big Market
14:33participant defending that level these
14:35things you simply can't see with price
14:36action alone by the way all of these
14:38templates that I'm using I'm going to be
14:39giving them away for free I will soon
14:41make public the platform that I'm using
14:43if you want to stay tuned subscribe to
14:44the telegram channel in the description
14:45down below and subscribe to this channel
14:47if you want to see more videos about
14:49orderflow and I will see you in the next
14:51video ciao

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