5 Principles To Identify Auction And Absorption - Footprint Chart Trading | Axia Futures

Buy the Footprint Trading Course here:
https://AxiaFutures.com/course/The-Footprint-Edge-Course/?af_id=6

This footprint trading session with Brannigan looks at two questions asked by viewers: 1) How do you identify auction and absorption on the Footprint? and 2) How do you execute as a trade strategy?

Brannigan explains that while there are clear principles for identifying absorption and auctioning activity, every trader's execution strategy will be unique to them, but shares his personal approach using the footprint chart.

The 5 principles to identify absorption and auction are:

1. Passive vs aggressive (the switch in price response)
2. Responsive vs initiative price action
3. Volume
4. Delta
5. Price response

Brannigan uses an example from the S&P 500 futures market on the 28th January 2019, drilling down from the daily chart to the 60 minutes and then the 5 minute time-frame. Keep in mind that real absorption and initiative are large time-frame plays, therefore daily volume needs to above average, it is or more likely to be a consolidation.

Learn more about our 8-Week Career Trading Course and get 3 Mentored Trading Lessons FREE:

https://AxiaFutures.com/lp/Career-Trading-Course/?af_id=6

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:

https://AxiaFutures.com/Membership-Account/Membership-Checkout/?level=1/?af_id=6

All of our traders use TT for fast and efficient execution on the DOM.

Try the TT platform free for 4 weeks:

https://www.TradingTechnologies.com/try-tt/?utm_custom=axia

Axia Futures engages in Developing World Class Traders Globally.

Follow us at:
Website: https://www.AxiaFutures.com/
Facebook: https://www.facebook.com/AxiaFutures/
Twitter: https://twitter.com/AxiaFutures
Instagram: https://www.instagram.com/AxiaFutures/

Видео 5 Principles To Identify Auction And Absorption - Footprint Chart Trading | Axia Futures канала Axia Futures