3 Ways To Confirm Support & Resistance - Footprint Chart Trading | Axia Futures

FREE Workshop:
👉 go.elitetraderworkshop.com/Free
Why does support and resistance sometimes work while not at other times? In this footprint trading session Brannigan looks at how to identify real support and resistance, and why these levels are not just lines, but rather areas where buyers or sellers repeatedly interact to hold prices a number of times.
The first example of confirming support and resistance is with the key auction reversal footprint strategy in the WTI oil market.
The second example is of support or resistance being broken. and reversing to its polar opposite. Branningan notes the importance of being patient for the market to return and retest the level to see buyers or seller having replaced the the other in their interaction dominance at the level.
The third example of confirming support or resistance is the footprint pattern of an elephant order or ice-berg order absorbing a level.
When it comes to breakouts and reversals, the footprint chart is the ultimate tool because it gives you the earliest clues of changes taking place in a market, and most importantly it shows you the real interaction at key levels, instead of merely guessing.
Using this tool not only gives you better clues of when to buy or sell, it improves your the timing of you execution so that you can leverage up your trading while minimizing risk.
Learn more about our 8-Week Career Trading Course and get 3 Mentored Trading Lessons FREE:
AxiaFutures.com/lp/Career-Tra...
Gain access to more than 50 streams like this per month with professional traders. That's a total of over 1500 mins at £60 per month, equaling just £1.20 per stream.
Sign up now and get a free 2-week trial:
AxiaFutures.com/Membership-Ac...
All of our traders use TT for fast and efficient execution on the DOM.
Try the TT platform free for 4 weeks:
www.TradingTechnologies.com/t...
Axia Futures engages in Developing World Class Traders Globally.
Follow us at:
Website: www.AxiaFutures.com/
Facebook: / axiafutures
Twitter: / axiafutures
Instagram: / axiafutures

[@kkqd0784]

Fascinating video. Do you have more examples of the footprint on "thicker" markets?

[@DT-vu4lp]

Thanks for the great content mate! Some absolute knowledge bombs you're dropping 🙌

[@fredbarker9548]

Vert insightful information thank you.

[@ansc2580]

Very informative. Thanks very much!

[@brendanlamb498]

Crazy watching this video and seeing the price of wti now. Great video though, very helpful!

[@amellago]

excellent , much appreciated

[@wongpasar5364]

thanks for the video sir

[@et000]

Thank you 👍

[@simphiwehlela1555]

how to identify proper rejections and trade on them?

[@KELLY-qm5sl]

thank you very much sir you have open my eyes

[@Brettly01]

do you have a video on the actual numbers inside the footprint chart boxes.? what does it all mean.?

[@AxiaFutures]

Yes In our Footprint Training Course: axiafutures.com/course/the-footprint-edge-course/

[@cwebbwash3]

Hi Brannigan, you spoke about how timing is what separates bad ass traders. It seems like you use the "elephant" buy order to illustrate an example of this timing. However, was there a way to catch or time the breakout of the low of the day that you talked about at 11:45 in the video? There was no pullback to this level for an opportunity to get short, so I'm guessing the only way would be to hit bids as soon as the absorption was broken through? Or was this a trade you would simply pass on?

[@djtrader2185]

if you do not see it in a certain TF you would have to go down to a smaller one and you could see the PB and the opportunities that the market gives you

[@derekwfrazier]

I think as soon as you see those bids laying there you gotta think about 60% likely reversal at least 23% of previous drop, so statistically, 15 tick stop youd look for at least 30 ticks, bud.

[@navketan1965]

SIR, When trading forex with daily support/resistance levels trades get executed infrequently--so next choice is S/R 4 H chart levels, as directional bias & 15M chart price action live execution. Anyone recommends putting standing orders at 15M,S/R levels in direction of 4H trend in 6-8 forex pairs every day & SIT. After all at S/R levels odds of TRADING EDGE are still better than even, Each order has stop loss but no TP--need your wisdom.

[@mouhcinewakach5036]

Hello, thank you very much for the efforts, how do you get the number of lots inside the candles? Thank you.

[@johnhedge9328]

It's called footprint/imbalance charts. 👍

[@Britney_76543]

Why is the elephant on the bids and not the offer?

[@brucevaughn3429]

Where are your entries?

[@dbaq9247]

Aussie. greetings from the United States of America!

[@martinstanleyelkjr4923]

which course on your website is this footprint course in ?

[@AxiaFutures]

Hi Martin. Footprint course is here: axiafutures.com/course/the-footprint-edge-course/

[@bekabeka819]

What is your tool name for footprint

[@paradiselosing]

Bid ask footprint

[@haydenh2283]

Why does it sometimes work, why does it sometimes not work, cos like all strategies, it doesn't work at all except by coincidence. Just saying. Hayden

[@glee298]

If you want to have 100% certitude, stop trading and become a scientist. Trading is a not a science

[@haydenh2283]

its just luck and coinciding with ongoing price long enough to clear the spread and to make some pip value

[@locosfulop5343]

There is no magic rule which will determine the exact time the market will dry up and see volatility disappear. Generally the market will pause in anticipation of the next move from central banks. A trader’s ‘style’ can be broken down into four main categories. -Scalpers (Short term, quick in-and-out trading) -Day Traders (Intra-day trading, no overnight positions) -Swing Traders (Medium to long term, trend momentum & range trading) -Position Traders (Long term, ‘buy and hold’ trading ). I Buy the dips and sell the rallies as a swing trader on trend momentum working with ''IQD Momentum strategy'' from LUKASZ WILHELM Method. At any given time, on my 4 hour chart of gold above could be beautifully expressed and mapped out with just two levels at any given time with these method. make research for advanced strategy on any category you belong to. make google search and learn more of his strategies.

[@Luketa1978]

There is always a smart one...amazing.

[@farhatbdhj]

@@haydenh2283 just like everything else depends on bounce of probabilities. If the probability is high, you take it. Now stfu, let me drain your liquidity.