The MarketDelta Blog

Yesterday we received an email from a very satisfied customer with an annotated screenshot of his Footprint® chart. He has given me permission to post it to the blog as an educational example. It is of the 30yr bond and shows his thought process as the market traded.

This example clearly shows the value a Footprint® chart can provide to a trader. Because each price bar is broken up price by price, there is added transparency for the trader to gauge tests and retests of known levels.

Another benefit provided is the ability to see intra-bar and read increases or decreases in volume as price attempts to move directionally. This can be used to monitor volume as price breaks out or begins to trade vertically (trend). The Footprint® can be used to confirm such a move by showing increasing volume at higher and higher or lower and lower prices, depending on the direction of the trend.

To me, this example shows a person who knows what to look for and when to really focus in on the Footprint®. He has found a way to qualify the potential beginning and end of a move. The person who shared this can be found in our user community site by clicking here.