#daytradingfutures #orderflow #sp500
It doesn’t matter! 1 minute, 1 hour, 1 day, 1 week, 1 month… they all have a point of control (POC) and they are all at different prices. The point here is that as you work up to a higher time frame the POC has larger volume above and below it. The lower the time frame the weaker the POC. The higher the time frame the stronger the POC. This must be clearly understood because we will be leaning on the POC to identify trade location and potential execution. The chart below is the same chart I illustrated in the poor structure section, so adding the order flow pieces into this chart we can see the real value of Footprint charts.
I. The poor structure is identified by the rectangular area.
II. Faded volume starts to identify where completed auctions may develop
III. The Bar POC identifies areas of support / resistance