Secret footprint in the markets | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Dax MT4 delta and imbalance footprint chart 26 replies

can anyone guide me how to profit from footprint chart 8 replies

Futures Footprint Charts 3 replies

Help request for footprint charts 2 replies

Tape, footprint and order book trading 4 replies

Attachments: Secret footprint in the markets
Exit Attachments

Secret footprint in the markets

  • #1
  • First Post: Oct 9, 2014 8:24pm Oct 9, 2014 8:24pm
Maybe there is hidden information stored in certain bars that broadcast it's direction. I wonder if there are only certain bars that are the actual footprint of the market and everything else in between should be ignored.

Maybe it's a naive question. Any Autistics out there want to help find them? (no offence intended, most good traders I know are a bit OCD and people with Autism see movement and recognise patterns twice as quickly as others)

What might these tell tail signs look like?

I realise most candlesticks people or price action people think they have the footprint to direction but I'm not talking about that. To be honest I have no idea where to go next but if this strikes a cord with anyone else give me a nudge, maybe we'll get somewhere.
Attached Image (click to enlarge)
Click to Enlarge Name: Word box.PNG Size: 587 KB
  • #2
  • Oct 9, 2014 9:36pm Oct 9, 2014 9:36pm
further explanation please. (Subscribed!)
  • #3
  • Edited 10:25pm Oct 9, 2014 9:49pm | Edited 10:25pm
Do you mean decoding?
You got some secret documents!?

Quoting Hyperion
{image}
the image got some words :
"plas... bom.... bars win... , fen... gan.... bino.... , terr.... plu.... ever..... , shou...dete.... be ign...."
  • #4
  • Oct 9, 2014 9:54pm Oct 9, 2014 9:54pm
Cool thread title.... like my 7:42 pm everyday New York time trade......it has 5 levels....

Just play a reversal around that time catching Australia kickin it in
  • #5
  • Oct 9, 2014 10:19pm Oct 9, 2014 10:19pm
Quoting roger44
Do you mean decoding? You got some secret documents!? {quote} the image got some words : "plas... bom.... bars win... , fen... gan.... bino.... , terr.... plu.... ever....., shou...dete.... be ign...."
Let us write some sentences from the image's words from POST #1!
  • #6
  • Oct 9, 2014 10:31pm Oct 9, 2014 10:31pm
2nd sentence :
"money were paper : everything, else should be ignored."
  • #7
  • Oct 9, 2014 10:43pm Oct 9, 2014 10:43pm
3rd sentence :
"tongue champagne, lips bikini"
  • #8
  • Oct 9, 2014 10:53pm Oct 9, 2014 10:53pm
4th sentence :
"jewel were emerald crown."
  • #9
  • Oct 9, 2014 10:56pm Oct 9, 2014 10:56pm
Quoting roger44
3rd sentence : "tongue champagne, lips bikini"
Nice, you forgot jelly though... sorry I've been remiss in replying, been fending off death threats from Mr Big Foot in the markets, he thought I was talking about him. Just kidding. But I WILL find you. Gonna get some thinking products over the weekend and hopefully get some insights into what to look for.
  • #10
  • Oct 9, 2014 10:57pm Oct 9, 2014 10:57pm
will be waiting

Regards
  • #11
  • Oct 9, 2014 11:03pm Oct 9, 2014 11:03pm
lunch time I am so hungry :
5th sentence :
"smoke salmon leaves refrigerator"
help yourself!
  • #12
  • Oct 9, 2014 11:16pm Oct 9, 2014 11:16pm
6th sentence :
From the movie "Back to the Future part II"
Doc. Brown!
"Fork plug, lightening car."
  • #13
  • Oct 9, 2014 11:16pm Oct 9, 2014 11:16pm
Quoting Hyperion
Maybe there is hidden information stored in certain bars that broadcast it's direction. I wonder if there are only certain bars that are the actual footprint of the market and everything else in between should be ignored. Maybe it's a naive question. Any Autistics out there want to help find them? (no offence intended, most good traders I know are a bit OCD and people with Autism see movement and recognise patterns twice as quickly as others) What might these tell tail signs look like? I realise most candlesticks people or price action people think...
I believe swing traders do this
Come with me if you want to live....
  • #14
  • Oct 9, 2014 11:35pm Oct 9, 2014 11:35pm
Quoting Hyperion
Maybe there is hidden information stored in certain bars that broadcast it's direction. I wonder if there are only certain bars that are the actual footprint of the market and everything else in between should be ignored. Maybe it's a naive question. Any Autistics out there want to help find them? (no offence intended, most good traders I know are a bit OCD and people with Autism see movement and recognise patterns twice as quickly as others) What might these tell tail signs look like? I realise most candlesticks...
There certainly are. You only have to check this chart to see. better still go to http://www.forexfactory.com/showthread.php?t=480208 to find out how.
Cheers.
Attached Image (click to enlarge)
Click to Enlarge Name: Dax.png Size: 39 KB
It's easy to win & even easier to lose
  • #15
  • Oct 9, 2014 11:41pm Oct 9, 2014 11:41pm
Quoting Doh
{quote} There certainly are. You only have to check this chart to see. better still go to http://www.forexfactory.com/showthread.php?t=480208 to find out how. Cheers. {image}
which currencies chart?
  • #16
  • Oct 9, 2014 11:42pm Oct 9, 2014 11:42pm
Quoting roger44
{quote} which currencies chart?
That one is DAx. But works on all.
It's easy to win & even easier to lose
  • #17
  • Oct 9, 2014 11:46pm Oct 9, 2014 11:46pm
While I would not call them hidden, nor would I say everything else can be ignored, I believe Relative Aggression Bars are the type of thing you are looking for.

Aggression moves the market.

By definition, a transaction can only take place when there is a buyer and a seller. Therefore, when you hear things like "the market went down because there were more sellers than buyers", that information is incorrect. The market went down, because the sellers were more enthusiastic, or aggressive, than the buyers.

Take a look at the chart below.

I'll point out just a few things.

1. Level 3 Buying Aggression gets rejected. That is to say, we do not get a full bar above it. Our expectation is that the low will hold.
2. We see a Level 2 Selling Aggression bar as the Level 3 Aggression bar is being rejected. (On a side note, the interval before the Level 2 Selling Aggression interval is what VSA calls a "test". A "test" that fails as the next bar is down. This is a sign of weakness.)
3. After the market takes out the low of the Level 3 Buying Aggression bar, we see another Buying Aggression bar, but this time it is only a Level 1.
4. Level 1 Selling Aggression bar. We have a full bull bar below the Level 2 Selling bar. So we can say that we have follow through.
5. This Level 3 Selling Aggression bar is the start of a pure selling wave. Why would you want to be long?
6. First sign of buying since the move down. This is a Level 2 Buying Aggression bar. It is rejected. Notice that the high of the Level 3 Extreme Selling Aggression bar holds,
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Agro 7.jpg Size: 124 KB
Click to Enlarge Name: Agro 4.jpg Size: 116 KB
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #18
  • Oct 10, 2014 12:07am Oct 10, 2014 12:07am
I am not sure the red bars (level 2) can be up or down (depends on the atmosphere at that moment)?
  • #19
  • Oct 10, 2014 12:21am Oct 10, 2014 12:21am
Quoting Hyperion
Maybe there is hidden information stored in certain bars that broadcast it's direction. I wonder if there are only certain bars that are the actual footprint of the market and everything else in between should be ignored. Maybe it's a naive question. Any Autistics out there want to help find them? (no offence intended, most good traders I know are a bit OCD and people with Autism see movement and recognise patterns twice as quickly as others) What might these tell tail signs look like? I realise most candlesticks people or price action people think...
There are many of them. Few of them are not stand-alone bars but a group of bars. It again depends what time-frame you are looking at. One has to analyze these bars from Top to Bottom. Most visible big market movements on bigger time-frame charts in fact happen very quickly, may be a couple of 15M bars or a series of them. You can group these candles under various categories, for example:

1. Bars at News Break - usually 4 or 5 important news are lined up with few hour difference in between. First by one economic region and then by another economic region. An study of these bars tell you how market is reacting to these data releases. Rest of the bars in between are just noise, people getting in and off the trade with short term objectives.

2. Bars just before and after a session open / close - Like Jesse Livermore said you can speculate which direction market will go by studying tape in first few minutes of market open. However, this is generally not known with one or two 5M bars, you have to study these bars with relation to latest fundamental development and the key price level where market hangs around just before session opens.

3. Length / Height of Bars - You may notice several big bars on chart of any time-frame breaking a key level. The key level broken is normally right at the center of these bars, no wonder most times price retraces 50%. That means if price is moving away from a key level, it can also snap back and go equal distance beyond the key level it is running away from.

4. Activity Area at the edge of the bar - You may find certain bars that end in an area where there is less activity, that is, the bars make Us, inverted Us, Vs and inverted Vs. These areas are of high interest to traders. As soon as a bar gets near these levels, bombardment of big orders and price runs away from these levels. PPZs (Price Pivot Zones) are one such example.

5. The bars where you hear ........................ Hi Honey! can I get one more Tequila shot?
The Thief of Wall Street
  • #20
  • Edited 4:54am Oct 10, 2014 12:55am | Edited 4:54am
Quoting Gbp/jpy
Cool thread title.... like my 7:42 pm everyday New York time trade......it has 5 levels.... Just play a reversal around that time catching Australia kickin it in


When is that...by GMT please and which pair?
0 traders viewing now