 Hello everybody, good evening and welcome to this last appointment for the series of webinars. Let's discover the volumetric trading platform. I guess all of you can see my shared screen showing you the disclaimer as far as I'm concerned this webinar. Today we will be talking about the final part of the entire list of topics we have talked about for these 10 weeks. So finally we're going to talk about a very simple and quick setup you can use to validate all of the informations you can achieve through the analysis of the many indicators and tools showing what volume actually is telling you about the price of, for example, so this is something that you combine with the volume profile, something you can combine with an evidence given by the VWAP, it is something you can combine with the informations given to you by the volanalyzer plugin, so Delta and so on. So finally today it will be something that will finalize a little bit what we have talked about over these weeks. Before we get started let me just remind you those are the last days you can benefit from the promo on in collaboration between TickMeal and volumetric trading, sorry just give me a second so I can show you, okay, here is the story about that. If you are a TickMeal customer already you can get the VWAP platform for a special price with special conditions, if you are not TickMeal customers yet you can still ask for volumetric team for a free demo by filling out the contact for the volumetric trading website and for anything concerning the topics we have talked about over this webinar please feel free to email me at the Be Educators page, this is my email address you can email me and ask information about things we have talked about so maybe how to use an indicator, how to set that volume profile and so on I'll be glad to give you a reply. All right so let's get started and last time and we get on what we were saying last time about footprint chart. So footprint chart we said this is the main tool, a word of flow analysis, one of the most popular tools used to conduct the proper order flow analysis and as we were saying last time it provides us precious information about how the price is actually exchanging in terms of interactions of buyers compared to sellers over a specific price area or over a specific range of prices and last time we were talking about two different evidences that footprint can give you. The first one is given by the horizontal delta, the calculation of which is given by the color you can see here on the cells of the footprint candle so where we have green, dark green coloration colors that means that we have here an interest more, an interest in more buying, aggressive buying over that level than compared to sellers and this is something that it shows immediately as looking at the chart. So you can just have a look at where the darker shades of green and red occur and then just at a glance you have an idea where buyers are more interested to buy and sellers are more interested to sell. The other evidence is given by imbalances. So we said imbalances occur when you have pink coloration, magenta coloration here of the numbers so when instead of black when you have a number inside the candle colored in magenta that means that an imbalance has occurred. What is an imbalance? It is buyers, if we have a buying imbalance we have buyers overcoming the number of buyers, overcoming the number of sellers by six times according to these specific settings that we're talking about over the last two webinars, six times. Okay so of course as you can see we have 16 here buyers, 16 buyers here than compared to two sellers being located at the lower level than the one where the imbalance is being shown that shows that making a diagonal comparison between buyers and sellers we have buyers being six times the sellers actually and unlike horizontal delta there was the one I was telling you earlier so showing by the color of the squares here showing interest of buyer more than sellers imbalance shows pressure so when we have an imbalance we always have an evidence of price starting to move quickly in a direction rather than the other one okay so there are actually many other informations you can achieve through the footprint chart like for example where buyers get trapped or sellers get trapped sometimes we can also detect where stop loss of other traders get triggered but this is something more advanced in terms of analysis we don't necessarily of course if you want to read the footprint chart very in a very accurate way we need to know this all but if we want to just conduct a simple but proficient analysis uh we just need two main evidences that means let me just summarize it this way wall a wall built by volume followed by pressure so both of these elements are expressed very well by the by both evidence I was telling you about a little bit ago because actually a wall we have a wall given by dark red colors or dark green colors the color being dark that means that lots of volume has been traded on that level in that direction but then of course it has to be combined to price action so let's assume for example here I had lots of buying pressure did the price actually move up so that means where buyers they've bought they've bought a lot but with all of that buying where they able to move the price where they want and so upwards question mark will give an answer to this a bit and then after pressure what is pressure what what does express pressure in balances actually so buyers getting more aggressive and six times sellers or vice versa sellers being more aggressive than buyers and six times that if we combine those two points together we will have a very simple way to understand how prices are interacting over a specific level and first of all mostly how buyers are interacting with sellers because we have the biggest evidence of wall building when when we have there are just so many examples in the chart because actually market is always exchanging the very same way every time we have we can spot many sellers so we have an evidence of many sellers interested is interested to sell but price responds immediately going the other way this is why I was talking about wall about the wall that has formed over a specific price area why how can we read this information interpret this information how come couldn't price move lower considering there were lots of sellers selling apparently if we get back to the market structure market microstructure sorry we have talked about a couple uh weeks ago how is it that possible the only way something like that could be possible it's because apparently there were there many by limit orders so passive buyers being on the order book on the ladder absorbing all of this selling pressure being on at a certain stage then even if this I even if they sold a lot I've just stopped selling but a lot of pressure has occurred on that level so this is what creates a wall into the market this is also what is called absorption this is another actually representation of what absorption is we have we have talked about many other things over the last week so how to the how we can detect absorption in different ways using delta using volume profile levels and so on but this is uh how tick by tick and absorption takes place and this is actually a wall market was trying to push lower just uh it didn't make it but is this enough is this really enough to tell from here market will just turn around the other direction well not really not really but this is for sure what it gives us the evidence of a support detected by the order flow sorry my mouse is not collaborating today when we have an absorption an absorption as an order flow event we can consider that as a support because the action of by passive buyers uh blocking actually sellers means that that was anyway even if there was a huge amount of selling it was it is still a level where buying as one so we can consider this order flow event as a support as a proper support not given by a price level or a graphical pattern it's just an order flow support a support even by an order flow evidence okay let me just quickly see the chat i can see there is oh yeah i thought there was a question i just said that's absorption exactly exactly very very very good this is a proper absorption and actually as you can see it also happened in another bar earlier as i was talking about the wall and the balance and whatever here it happened it happened once again also here well price was already moving higher was already trending up just started a slight retracement here sellers came in came into the market tried to push price lower but actually all of these sellers were completely absorbed and price started to move upwards continuing the previous trend okay once again can you see here lots of selling lots of selling prices moving slowly upwards but we can already tell here price is building is trying to build a support okay as i was saying this is a very good support actually i'll tell you why in a bit but a support it always needs to be confirmed in order for us to make a trading decision on that level on that order flow event why because yeah that means that's true this support price has been hold held okay so it can be considered as a support but even if buyers at one there is also lots of selling in this area i mean this is objective we can we can tell there is lots of selling interest in this area so is that is that really enough for for a long trade as soon as we see a support not really why because considering there is over an absorption area lots of selling pressure that means that many traders were anyway interested to sell that level and we won't have price be trading the other way until we see buyers aggressively coming in coming into the market after the absorption has happened here specifically i said this was a good support well it looked like a good support even if it just got broken i can't go after that but still it is why because we have a wall being built with three different levels of absorptions we have as light as you can see here in balance 27 buyers over four sellers there is just something missing buyers keeping on buying and first of all we don't have that much of an evidence right here at this level so if you want to be using this principle of order flow event so we want to double check if a support is going to hold we always need to wait for a first evidence that this level is being treated as a support both in terms of order flow and also in terms of price action we would we need to see price moving away a little bit not that much i mean a move that we can notice a noticeable moving away process from that area and then observing what happens when that area gets pulled back because in this sense what happens normally when those areas of absorption gets pulled back we can either have another absorption so exactly over that area we have the very same thing otherwise we can see an exhaustion so low volume trading over an area where at the previous trading moment we're exchanging lots of volume absorb absorption always take place with with high volume but as we said when we have lots of high volume we always add we also add acceptance of price so there is interest to transact in that price area price prepares to move away from an acceptance area when low volume trades in that area after price was held with high volume so ideally either we have another absorption at the same level confirming we had that support which is actually being treated as a support once again otherwise we need to see an exhaustion so basically price comes back doing something like it did let me show you an example if i can find one yeah some well not the best actually i'm gonna find one soon yeah something like this so we can also have a look together at the different of a selling absorption here we had buyers not making it to move the market all right dark green bar moving down when price pulls back do we have another absorption not at all as we have light colors shading but what do we have an exhaustion can you see that in the same area volume trading is very low compared to the previous candle where absorption took place this also counts as a possible confirmation because if absorption creates a support exhaustion or a resistance as in this case exhaustion doesn't really create a support or resistance it occurs just because buyers or sellers just stop buying or selling so price can react quickly after an exhaustion but is not a level that will hold because of a high volume as big trade over there so in this case when we have an exhaustion along with the exhaustion on one side in this case the buyer side we can see nobody was selling here buy sorry here compared to here what do we need to have the whole structure confirmed we need then sellers starting to get more aggressive so we need to see selling in balance to the opposite side to the absorption sorry exhaustion expressed by not so much buying or here in this case if that happens pulling back previous absorption then we have our all the flow events confirmed and we can make a trade decision of course this is not a setup I mean it can evolve in a setup but there are many variables to be looking at but as a as a sequential as a sequence of events if it's definitely something really really powerful because if you combine these to structural level to volume profile levels to many things we have talked about over the last weeks then you will notice that on important levels especially volume profile levels north and south of distributions we will always have an indication given by the order flow or what the price is creating that structural level of the order flow of the volume profile and this is something that I really it is quite hard to explain explain all of the variables in just an hour but I really hope all of you could could use can use in the in the future this concept you have talked about in this in this series of webinar and of course if you want feel free to email me and ask some more questions I'm just going to answer to Luku which we have for ask me a questions here in the chat if I have an account with tickmail that I can only get both his platform with his offer all right yes yeah the the offer the specific offer applies to both his platform so basically the discounted price but still if you want to add some other tools some other plugins that will just come with the plane with the plane price but actually you can you can do it you can do you can add the other tools by starting the I'll show you very quickly here in my screen all right so if we sorry all done here we go okay so if we once you start the the purchasing process then at a certain stage you will ask if you want to add some more some more tools like for example yeah the volanalyzer plugin we were talking about a couple weeks ago or if you want to buy the ball book the ball book platform which is another which is another different platform we haven't covered with this series of webinar but anyway you can have discounted price for the boss's platform which is the main the main platform actually to be using what we said over these over these weeks and then also do you have any educational video about the platform could you show us to connect out the data feed or stock trading via footprint chart yes then is the Volsys platform an advanced dome like jigsaw trading or book map yes Volsys platform comes with an advanced dome which is something that you can open like these if we start from the main menu and we choose new yeah between the options we have an advanced dome and of course we have to choose the instrument we want to have that shown on and then here it is so then we can customize the columns in terms of colors in terms of if we can trade the dome level just by clicking here on the right or left to the price if we want to according if you want to put a sale or buy another and so yeah this is a hundred percent customers you can and depth of market you can customize and also add column to to it like for example if you want to see the limit orders being shown as volume profile or just numbers okay all right I thank all of you for your attention it has been really a pleasure for me being together over these 10 weeks if you want some help just email me I'll be glad to give you a reply I wish you a good evening, good trading and thanks again