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Re: Design your own System like the Pros Do

Krelian99, Sat Jul 15, 2017 8:46 pm

This is how my basic setup looks like. It a merge of a footprint chart (the numbers are how many ticks are accumulated in a given range or box) with the normal candlestick chart. Below the ticks per candlestick. You see were the bulls and bears are actually struggling and why I'm absolutely no friend of fractals. The battles are mostly decided at other places. Often laggards come in and can give the trend a last short sun, but they can't rescue the already dead friend ("Trend is your friend" ;) So, don't be a laggard and see the signs of strength and weakness.

First, you must decide in what a market you are. HTF, range or trend and with a footprint chart the system stays actually the same for all three kinds, you just change the mode. Ask the right questions and with some practice you know mostly what the big players are up to and you can set tight stops. Why they struggle at this point? Often you can answer the question very quick by S/R and Pivot Point. Who is winning? Sometimes it may look that one side has won but its supporter can't push the market in this direction neither. That means that the fight isn't won and the odd is maybe over. Also the absence of incoming ticks is a sign - for a false break out, for a lag of confidence and the more time goes by, the more you should ask yourself why the odd wasn't taken and what will be the next sign? And who is coming in? Long wicks at S/R or Pivots are a sign that the market is out of balance and big long-term traders come in to push the market around. You can't make an omelette without breaking eggs. You need many eggs to break through a obstacle or to turn the market. Look for heavy occurrence of eggshells (ticks) and how the market moves and where the market is after all the broken eggs.


I like to trade GBPAUD. GBPJPY and EURJPY have a lot of ticks, so it is maybe easier to practice footprint charts. Many non-scalper pros only use footprint or market profile charts and nothing else. Trading ranges is a bit more work as trends but actually is doesn't matter at all - if you have understood the market flow.

PS: Recognizing the little Bullstrap (the fakie) before the News makes clear the money makers intend maybe something bigger and they want to get rid of smaller traders for making easier more money. The fakie and the break out down through the fighting zone (you only see with a footprint indicator) allow only one conclusion: it's going down by the elevator. That also makes clear that the money makers know the news before all others.
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