Candlesticks vs Footprint

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In this video, we unravel the art of using both candlestick and footprint charts to perfect your trading strategy and enhance your trading decisions.
Candlestick charts, especially the formation of doji candles, serve as useful tools to identify potential market reversal points and enable a buy-the-dip trade. But, they give limited information beyond their shape, leading to delayed entries and larger stops.
On the other hand, footprint charts offer a detailed insight into how a candle is formed, allowing traders to pinpoint the exact moment to execute a trade ahead of the candlesticks fully forming, thereby minimising stop size and optimising trade performance.
We'll walk you through a step-by-step process on how to interpret these chart patterns and leverage them for your trading strategy. Join us on July 17th for a special week where you'll gain a deeper understanding of how our traders combine tools to navigate markets by showing the best trades of the day and the tools used to do it.
#Trading #Candlestick #Footprint
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[@AxiaFutures]

👉 Sign Up: decoded.axiafutures.com/one

[@AxiaFutures]

A few questions have come in on the Footprint time-frame; Richard uses a 12 tick rotation footprint this allows him to see how the participation is changing ahead of candlesticks closing and enables him to see the changing pace of the market.

[@jfilbert]

Can't wait to see pt II!

[@AxiaFutures]

Thanks for watching! Keep an eye out for later this week 👀

[@SK-xr7up]

Good explanation and info coach

[@walterescalante6141]

great content, like always!

[@AxiaFutures]

Thanks for watching! Make sure you sign up for the Live Week, more amazing content during that week.

[@th2010]

Great Video. Many Thx

[@AxiaFutures]

Thanks for watching and make sure to sign up for the Live Week!

[@timbucktoo99191]

Hi mate, I'm on holiday that week. Will you been posting the live recordings after every day? Would love to see what you do, and get a grasp of your concepts. Cheers

[@AxiaFutures]

Whilst the event is LIVE the recording will be posted to those who have signed up, hit the link above and have a great holiday!!

[@timbucktoo99191]

@@AxiaFutures oh awesome thanks for that! Will do, off to France for some wine tasting in Burgundy and Alsace 🍷🧀

[@Foreheadsnatcher]

Hey Richard, the footprint you showed, is that tradovate’s Orderflow+?

[@harlemtrades5023]

there's 2 different fp's shown the first one is motive wave (you can see it in the bottom left) and then I believe you're the right the second one is tradovate's. The best imo is sierra charts, completely customizable to a t.

[@mkhegde]

Hi, Thank you for this, appreciate your efforts to educate us, When it comes to the candlestick, you are showing 5 min chart, however on the footprint you are showing the 2min (I guess) footprint chart, perhaps you could have shown the same timeframe to appreciate the effectiveness of footprint. Thank you

[@AxiaFutures]

Hi there, thanks for pointing it out. Make sure to register for our live week!

[@mkhegde]

@@AxiaFutures done ✅. Thank you

[@AxiaFutures]

@@mkhegde See you on the 17th and thanks for registering!

[@desmondjones7643]

Is using footprint charts with a DOM redundant?

[@mikeg8343]

Good vid

[@AxiaFutures]

Thanks for watching! Make sure to register for the live week!

[@silesianix]

This is Not full picture. You had other confirmation in order book, as the SPOOF in the fib point after exit bottom correction. This happens very often

[@AxiaFutures]

Hi there, we appreciate your comment and for watching the video. Make sure to sign up for the Live Week where we will discuss certain topics in more depth.

[@ldm1411]

very interesting video, amazing if only i could see the rotation details :D

[@adhcms]

Granted, I understand that you want people to sign up for your presentation. However, when you make these videos, you should be more specific on the dates the times, and the time frames you’re actually using. On your footprint chart based on the time scale, you are either using a point and figure, a tick chart or volume chart because the time per bar is not consistent so it’s obviously not a time based chart and yet in the beginning of your presentation, you talk about a 60 minute chart and a five minute chart but then you don’t explain what the footprint chart time basis is.

[@AxiaFutures]

Thanks for your feedback!