Stop trading Candlestick charts... Do this instead.
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- čas přidán 23. 12. 2023
- #trading #orderflow #daytrading
In this video I breakdown how I use Footprint charts with order flow to understand the direction of a trade.
I use TradeZella to track and journal my trades:
www.tradezella.com/?via=umar
Follow my socials:
Instagram - / umarashraf
Twitter - / umarashraf
Let me know if you guys want me to make order flow videos and what other content you'd like to see in 2024?
Yes please
Yes please
Yes please make order flow videos
Absolutely. I'm continuously go over the ones you did 3 and 4 months ago.
Thanks Umar
I hope you guys found value in this video! Thank you for the constant support!
I use ATAS and Seirra for footprint charts and orderflow tools.
What's the diff. between this and reading open interest data Umar Bhai!?
Can you compare Footprint to Bookmap.
From what I read; the Footprint charts show information about volume, but not liquidity. So if many more traders are hitting the “market sell” button than the “market buy” button, an FP chart will provide this information. But this doesn’t necessarily mean there is a market imbalance. It may be that sellers are selling into a huge pool of limit buy orders. If so, these limit orders will be invisible to a trader using a footprint chart.
Second, because FP charts do not show liquidity, they suffer from many of the same problems the DOM does. They do not show if a big institution or a large number of traders has cancelled limit orders. Without this information, traders may fail to understand why the price is behaving the way it is.
ATAS is beautiful, just not cheap
Live Streams, Live Trades, Live Results.
Can we use bid/ask foot prints in trading view
The amount of information and clarity I’ve gained from this video regarding footprint charts is unreal. Thank you Umar!!
brother, where I find this footprint chart?
indecitor name?
@@BilalAhmad-kq1ze he used atas in the video
Order flow and level to level is the methodology that makes sense to me . I'm glad I found your channel. Thank you!
perfect , this is the moment i have been waiting for , please continue this and make a separate playlist ....
You're the real king of the market. I've been learning the markets for years now. I have never met a guy like you. Thank you so much for your lights.
Quality bro! The depth you went to, examples you brought up, and perspectives you gave painted a really nice portrait! Answered some questions I’ve been having, thanks!
This video completely revolutionized my approach to trading! I've been solely relying on Candlestick charts, but after watching this, I see the power of diving deeper into footprint charts. Understanding the interaction between buyers and sellers on such a granular level is a game-changer. Thank you for shedding light on this crucial aspect of trading!
for this moment this is one of the best explanation of footprint
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Katherine Flores.
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states.
Really you people know her? I was even thinking that I'm the only one she has helped walk through the fears and falls of trading.
I'm new at this, please how can I reach her?
I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much
You're advice feels truly authentic. I'm glad I found your videos!
This video and your tutelage are just GOLD! I appreciate the information, and I can't wait to implement this into my trading.
NOW! THIS! is the kind of content i wanna watch! original, sometimes counterflow to whats popular, AND ALWAYS educational, shortens my learning curve.
some use youtube for entertainment, people like me go here for further education, to grow up further. in virtually all aspects. mad respect sir❤.
Umar, this is the best explanation video of the footprint chart. I’ve been using the footprint chart for two years, just looking at Delta, and not really understanding the relation between bid / ask and price movement. Thank you so much!
Which Software do you use for Footprint??
Hey how do i find footprint chart any website or broker offering this?
@@RudranshRajvansh-ep1pd TradeDevils. Not the cheapest, but definitely not the most expensive either. Plus they have some semi-automated features built into the better version.
@@RudranshRajvansh-ep1pd +1
@@Ilyas72629ATAS and Sierra chart
I've been at this trading thing for over 27 years and there are SOOOO many videos that just make me roll my eyes and move on. But I always find something of value in yours. You're articulate in your explanations and you're providing information which others wouldn't want to share. Keep it up.
Hey quick question. was 2023 a hard year for trading or easy. It's my 1st year. 53% win trading small position for one year. R of 2.6 and I'm profitable. I'm extremely conservative and I wait for my set up. I finally got my stop loss figure out and I don't get kicked as much.
Lol, sure buddy.
@@catmandoo4u1 it was a good year
You have been trading over 27 years still here
so you must be under a pile of money ? why you here?
Thank you for sharing Umar. This is really helpful. You trade like the institutions using the concept of Auction Market Theory.
Please make more of these videos addressing order flow. It would also be interesting explaining the depth of market in detail and the cumulative delta. Once again thanks for the educational video. Merry Christmas and a Prospereous 2024!🎉🎉🎉
Umar, I must say... I've been looking for a video like this that would explain footprint chart in such a way that's easy to understand and boy you nailed it !!!! Thank you, Thank you and Thank you
dont depend on footprint take my advise i am user of it
Yes, Omar said the printers should be used in conjunction with something else like a demand or supply zone. That’s how I use them. I also use them for range areas to see who’s taking control ; buyers versus sellers, to predict the next move.
@@BrotherFree
When you say supply&demand is it useful on breakout (support&resistance)?
How to do i get footprint chart for Indian Stock Market?
Finally! A decent explanation of this. Thank you!! This helps piece together a lot
You're a king my friend, many thanks for this enormously detailed and value adding explanation. The best around!
Becoming a good trader takes time and patience. When i first got into trading i was liquidated twice, and lost my entire mortgage deposit. I could have given up, but decided to learn how to trade and put it into practice. 4 years later and i am glad i made that decision.
My portfolio has good companies, however it has been stalling since last year. I have approximately $200k stagnant in my reserve that needs growth.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
@@mariaguerrero08Mind if I ask you to recommend this particular coach you using their service?
'Gertrude Margaret Quinto' maintains an online presence. Just make a simple search for her name online.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
Every point you talking is very accurate.. I have watched probably 40-50 videos about Foot print (I am currently using) and you covered everything in one… thanks Umar…
Where can I get the foot print chart
yh where do you even get live footprint charts?
which software are you using and i want for forex pairs where should i get it please tell me
This explanation about footprint chart is crystal clear. Thank you so much!
I have been read and demo trading for four months and now I start to make a profitable trade , your videos helped me a lot thank you so much big respect and keep it up 👍🔥🔥
Finally!! a real EDUCATOR!! not some marketer!, I believe the trading community really needs you. this really means a lot for us beginners who are actively targeted by marketers posing as trading gurus who wants to sell courses. Please make more content like this, as this really helps the trading community, I salute you! all the information here felt real, the struggles and specially your perseverance to improve your trading skills! thank you so very much!
brother, where I find this footprint chart?
indicator name?
14:27 the 10:15 candle has a buying imbalance of 355 to 36 at its low, that is almost a 10 to 1 ratio (meaning 36 fits inside 355 almost 10 times over).
That is a very high ratio (industry standard is 3 to 1, the higher the more potential importance)
Then the 10:20 candlestick had a buying imbalance of 438 to 70 at its low (4+ to 1 ratio).
Finally the 10:35 candle had a buy imbalance of 166 to 9 at its low (15+ to 1 ratio).
The earlier buy imbalances at lows were the first signals followed by sellers not able to push price too far down after they managed to take out those lows.
The buying was clearly being rewarded in the 10:35 candle & entry could have been taken as soon as it took out the 10:30 candle high or more conversatively when the 10:40 candle took out the 10:35 candle high
I'm assuming atas allows you to highlight imbalances based on the ratios you choose, not sure why you don't use them
Maybe I shouldn't have shared this lol
There is more too it though
I look to price action 1st which is based on candlesticks, then I use the footprint for confirmation.
Price action is king
thank you for explaining that.
Finally a genuine commenter. I'm new. Should I concern myself with footprints or stick to analyzing price action through candlesticks? Maybe footprints later on down the road once I've got price action mastered?
@@EpicWarrior131 apologies for the late response so many other priorities. In my experience price action 1st then use other tools to confirm what price action is already telling you.
Check out Al Brooks, the God Father of PA. Checkout his 1HR+ long seminar presentation on trading open breakouts & reversals.
Strongly consider getting his course, ridiculously cheap & immense value compared to "guru" courses out there.
Merry Christmas Umar and thank you for your awesome videos. I wanna Start with Tradeing in January and i really enjoy watching your content. It helps me to get a really good idea what to expect. Pls keep up your good Work! Nice Christmas Greetings from Estonia
Dude, thank you very much, very helpful. Always in-depth detail. Explanation of your knowledge. I really appreciate you
Hey Umar, great video! Would you walk us through the setups you got for atas? For example, the bottom table where it shows the delta, bid, ask, and volume of each candle stick.
Hey Umar, another great video with lots of value, thanks!
Would you be able to talk about the difference in readability of footprint charts across various types of instruments (futures contracts, stocks, etc). I did notice most of your examples are with /ES. Thanks in advance!
This is really interesting. See how many people are buying/selling open orders at any given time. But to get real-time, you have to pay. Thanks for sharing.
Hi. I am very happy to see people like you are great and you love to share your knowledge! Do pls more videos! You are the Best!
Umar, thank you so much for all the work you put in for us. 🙏🏻 would you be able to make a video about DOM and how you would place strategic orders thru the DOM. Would be greatly appreciated. Thank you.
Still learning about daytrading, just started researching orderflow, this video helps alot, thanks Umar!
dont do, you will waste your tons of time, The educator job is to educate, but you should not research on everything without knowing its benefits. Have you seen someone making millions from orderflow?
This info has been the final piece in the puzzle to profitability. Especially when combined with TPO charts for market context
thank you so much. I'm so thankful for you being and your content. You help me a lot in my journey. The best for you!
Awesome! "TRADING IS LIKE AN ART" I never heard this line from anyone before!!!
Everyone literally says that what do you mean
Can you record a live trade using footprint/orderflow? Seeing what you talked about in this video play out in real time would be incredibly beneficial.
That will never I’m the history of his CZcams career ever happen. He would never do this live because he would have paralysis of analysis doing this. He makes a lot of money selling the idea but knows damn well he doesn’t use this bukkshit to make money… now don’t you omar
😅😅😅
If he’s always right most of the time , he has no time for CZcams!😂😂😂
Real successful traders is not teaching it in youtube.
Do not make things too complicated, keep things simple, the only Indian CZcamsr I trust is "Power of Stocks" he made 0.25 million dollars in live trading on CZcams, but the USA market works a bit differently because VIX is always high but in the Indian market, it's too low, In the end, Nobody shows Yearly profit and loss statement.
Power of Stocks used to trade with 1200$, During covid he made 1200$ to 72000$ in one trading session, and now more than 3 million dollars.
That'll never happen
So much value in one video alone, but because is free most people won’t even take the time to look at it. If you incorporate this to your actual strategy the odds will increase in your favor.
As a Price action trader I was always marking my key levels and watching price action behavior on those levels until I decided to take the trade. From that point forward it was a “gamble/hoping” move that the price was going to continue in the direction I chose. But when I incorporate the order flow now I could be certain “up to a certain point” who’s in control and where the price will be heading.
Just by knowing who’s in control the odds now are inclining I’d say 75/25 in my favor (because at the end the market does what I wants) only thing we control is how much we can loss.
Halla to my boy Umar and thank you for the free knowledge. I appreciate you!
Foot print chart isn't the holy grail. As Umar said, just because the auction is done doesn't mean the move is done or vice versa. It's no different than a lagging indicator. It gives you more info that may or may not be helpful in making the fast moment trading decision.
@@jameslinmd like I said, “if you incorporate this to your current strategy” and use it as a confluence, tool might be helpful.
thank you for uploading this footprint chart with the explanation. greatly appreciated
Algorithmic signatures are rooted in traditional candlestick charts…those candlesticks are more than enough for a lifetime.
Saying this with respect brother I haven’t made millions from the market yet like you have, but there are a thousand ways to skin a cat. I always encourage people to find what works for THEM!
Happy holidays brother.
Exactly 😊
This shit is not making any sense to me to be honest
I prefer to stay with only the candle stick
I'm favoured, $60k every week! I can now give back to the locals in my community and also support God's work and the church. God bless America..
That's awesome😊
Which source/platform did you use to earn such huge sum of money?
As I know it's possible, I'd appreciate it if you showed me how to do it.
It was with the help of Cassandra Roberts i am who i am today😊
I know I'm blessed if not I wouldn't have met someone who is as spectacular as Mrs Cassandra Roberts
Thanks for ur precious efforts bro we all love ur every content pls continue ur content bro ❤😊
This was value adding which is rare for capital market videos thanks. I see this video is the only one from you order flow playlist. I would like to see more videos in this playlist exploring more variants of the footprint charts
Orderflow + the DOm has changed my game.
which soft...
Where do you get this order flow program from ?
Love u Sir for insight this kind of things u delivered. I hope u provide more this kind of insight soon.. ❤
Thank you Mr Umar...this video really open my eyes to understand the deeper level of how market is going on...this is a really a good example video how to step by step to become a trader.....Thank you again Mr Umar for your effort to create this very good content...
Your eye did not open..
You are not saying the truth
ATAS is the software he used in this video🥳. However some of the other pro charting software you can try are Motivewave, Sierra chart and Quantower
Thank you so much, i was wondering what software he was using for a while now
@@breakz9235 Well if you watch the video he clearly says he uses ATAS.
Hi Umar, genuinely loved your indepth content. But can you please tell me how to open footprint charts or which software do you use to see them
You are one of the best out there, pls more about the technical analisis and footprint charts
bro you absolutely nailed that hindsight trade
This is super helpful. I am at the United States Airforce Academy Prepschool. I am 18 years old and looking to get into trading. Your videos have really helped me out. What steps do you recommend I take? I am pretty busy with school, but have money coming in every month. I also am free of any kind of debt.
Focus on and finish school first. Save up a solid chunk of cash. Study study study the markets and different investment strategies. Don’t pay for any courses or guru guides, everything you need can be found online for free. Learn to separate emotion from trades and stick to a strategy.
As always - Great Video, Umar!
The only thing I am struggling with is how to find the Footprint in Think Or Swim (TOS)? Any idea? Do I need a different platform that have Footprint function? Or is there a way to simulate this in TOS? Thanks... Sam
i also
Umar, thankyou for what you do, i am so glade that i found you!!!
Would be nice to see how you look at the Market Profile. Like how you differ Balance and Imbalance Situations. And at what levels/spots you look for entrys on blanace/imvalance situations. Also interesting to know your approach to managing the trade. Like do you manage with flow or do you have a "fix" target fill or kill approach.
I think the order flow can change at any moment - meaning you see an order there and then all of a sudden the order is removed. It would be MUCH better to show the history of all of your trades. To see how your looking at the order flow and the bids and asks and the agressive actioin intermpretation compaed to the passive order interpretation actually worked for you. Most people will get it right about 50 50 or 60 40 so that to me means there is no strategy that really works- what works is you are looking at set up that when they do work the reward is greater than the loss.
Not really, that only happens when you are looking at Level 2. Footprint charts are an order flow based tool which visually represent already executed market orders, not limit orders to get filled. The only place where orders get removed is from Level 2
@@oskii100 thanks for the explanation but in that scenario you are basing current decisions are very recent order executions. Where can one see the history of your specific trades the buy price the sell price and the buy times and the sell times. Would love to see how that order execution trading compares to just looking at the daily 2 minute chart and trading in the 2 x 4 wma direction
Question big bro - when price is trading at demand (or supply) how do we know passive buyers (sellers) are stepping in if the number of executed orders stays relatively thin? Is it just a matter of price not going anywhere? For instance, in the part where you covered the increase in selling activity at demand, price didn't move (indicating passive buyers were stepping in), but the number of executed buy orders at that level stayed thin. Any help is appreciated and thanks again!
Because the passive sellers/buyers don’t operate within the bid or ask, they sell or buy only at certain price levels. If there’s an indication of aggressive sellers or buyers on the bid or ask that isn’t getting respected then passive buyers are usually joining the fight against the aggressive sellers especially if delta indicates there are more aggressive sellers than aggressive buyers
hmmm "passive sellers/buyers don't operate within the bid or ask" is a little tough for me to get behind. Passive sellers/buyers will (even if for a split second) show up on the DOM and I'll acknowledge that their presence can and will push/pull prices but, orders (passive via DOM or aggressive at the market) should reflect on the footprint, which should then tie to total volume. I'll give it some more thought but I sincerely appreciate the response! @@exachi49
Best Christmas gift ever, would appreciate a video to show how incorporate market profile in your trading
Basic Question: What platforms would you recommend for footprint charts. I use think or swim, and get the impression that there isn't a good script for that. So, I'd be willing to sign up to another platform, but I'd like your recommendation on which platform I would want to sign up for. Thanks in advance for your knowledge sharing.
what trading platform r u on? and how do we get the footprint charts etc??
Awesome man...
bro did u findout about trading platform??
If you actually watch the video he clearly says he uses ATAS.
This video is gold, thank you !
I was getting frustrated by knowing there is more data and different ways to look at the data than I had my hands on. Then I realized that even that what I had access to, I wasn't using smartly enough. Order books, changing the scales, I don't know how I was so stupid to not think about it earlier on when planning buys and sells, to just at least forego a slightly lower or higher price to catch a lower filled bid has saved me more this week since 'figuring' it out than the last month of my intro experience to this wild west. This what you are showing looks like to answer that even further.
Just I am still thinking that to really do this, smartly, more tools and more data and API set up for trading and assessing entry/exits. It was fun at the beginning but now its time consuming with the low funds resulting in low gains even if gains. Relative to hours spent... yeah... lets see... just a matter of learning more and more. Has me regret putting any money in in the first place until I have my tools and an actual strategy - first mistake, even enjoying it is emotion, best to keep it out of the game ;)
I'm too dumb to understand it
Me too dawg 😅😅😂
This video Umar was just a waste of time bro. please post simpler videos please, something that we can use...thank you! Nothing personal...
Umar, more than a trader you are a best teacher
Thank you Umar for informing and making this video. Good job brother.
Thanks Umar. Loving this
Good stuff. Thank you. I would like to see during your videos is where you do put in a trade based on what you are seeing and where you are getting out based on what you are seeing.
you really do make a lot of educational content, thank you very much I love your videos and the content you provide. Im just 16, however I dreamed of being a pro trader since 13. Hopefully I will make it and be like you one day.
Keep going I was all in at 16 , no I'm 17 now turning 18 in June and I'm proud to say I can read the charts like no one else, I am going to become a top tier fund manager/ trader
Quality video. I have seen dozens of videos chattering about supply and demand without even really explaining it. This vid does....
Excellent video sir thank you, Make more videos to understand the market action with respect to order flow [How to read the chart How to anticipate the move]
great lesson Umar. thank you !
Very informative. Question Umar is, are all these tools mostly useful for Day Trading only or are these useful in swing and options Trading as well with different time blocks.
Umar thanks a lot for giving us vital knowledge which otherwise we have been ignorant about.
Umar, great video! Yes an order flow video breakdown would be great. Thanks
Thank you Umar for this valuable content .🔴🌹🌹
Yes, please Make more Order Flow Videos how to apply treading Option SPY/QQQ/SPX mainly. Thanks Omar.
I like the way you explained.You are awesome and amazing.
Thank you very much Umar. Looking forward to watch you order flow videos in 2023. Merry Christmas!!!
Love your video, easy to understand ❤
Seen tons of your shorts, ready to snowball your content into 2024
Explain deep knowledge like this.we need it.
Thank you so much Umar for the videos! Can you please make a video on how you identify the key levels? Many thanks!!
Would definitely like to see more videos, also the different tools you also use
Can we apply this in scalping 5-15 minutes time frame or just Day Trading ? Keep up the good work man! 🙏
Really good video, It would be great to see you in a video applying your strategy when taking a trading using this tool and how you look for good confirmations when trading. Basically just show your daily basis process when operating.
I would love to see you, a video of you, live, trading using the footprint chart near a supply/demand zone. Then maybe you taking the trade. I realize that it could be a little long, but for me that would be highly educational, and the nerd in me would be very entertained.
buddy huge thanks. i want you to make a separate video on how can we do this trading stuff taking in account these basic things like volume, liquidity and stuff using the best basic indicators and not messing up with the crap indicators!
Awesomely explained!
I’d love to know why/when you choose futures vs options for your trades and why you don’t use es options vs spy options. Love to hear your thinking.
Yes please I would like to know more on how order flow it works and how to read it will be great if you upload a video for it😊
I really enjoyed the brother 👊🏾❤️
Solid video, a lot of value here.
Great insight into order volume & price
Very informative! Thank you!
Interesting, thanks for sharing God bless you!
Sir i think that you are the only channel in the youtube that i am comfortable with
Sir actually i came across through your videos through the yt shorts and now i am addicted to your teaching lots of love form india sir ❤❤❤
U the man!! Thanks for the info
Excellent. Thank you!
When I try to add multiple clusters they are really close to each other and make it hard to differentiate. What setting lets you change the distance between clusters?