 |
|
 |
 |
Top 10 Reasons why you should consider incorporating MarketDelta™ in your trading methodology or strategy. Many of these are adopted from feedback we get from customers and their experiences with MarketDelta™ and the Footprint® chart.
- Do you often find it challenging when trying to read the tape or DOM (Depth of Market)? The Footprint was designed to help traders better interpret trading activity as it occurs on the price ladder and present it in a manner that is more informational and logical than traditional charts. Click to learn more about Footprint® charts or Market Profile® Strategies for examples.
- Do you experience difficultly while trying to interpret order flow and which side of the market more volume is flowing? Trying to interpret order flow and volume by reading the depth of market ( DOM ) can be a very tedious task, if not impossible. The main problem with trying to read and interpret the order book is that it presents a great “before” picture, but no “after” picture. This simply means that the order book shows you what was available up to the point it trades. After the trade you have no reference in terms of volume and order flow as to how, what, or which side of the market is experiencing activity. The Footprint® will provide the “after” so that you can more fully understand what, when, where, and how the trades took place. In turn, this will provide keen insight and remembrance of the market. Click Strategies or Market Profile® Strategies for examples.
- At times do you find yourself "upside down" or "backwards" to the market? Why? Most likely this is caused by interpreting the order book and volume incorrectly. If you could interpret which side of the market was experiencing more order flow do you suppose this would happen as often? Understanding volume and order flow is crucial in knowing which side of the market is more motivated and dominant at any given time. Click Trending Strategies to learn more.
- Are you a point and figure chartist? Would you like to be able to see the volume at each price to better gauge order flow and price interest? Many point and figure chartists have told us that using the Footprint chart is easy for them to understand apply. It's just like having a point and figure except with volume. Knowing volume at each price and which side of the market experienced more volume is very helpful and has added value to point and figure charts considerably.
- Do you find it difficult to identify a trend as they are developing? Identifying a trend using the Footprint® chart becomes much more intuitive than trying to identify a trend using tradition charts. Using the Footprint® you are able to determine which side of the market more volume is flowing. Knowing the direction of volume, is helpful in identifying the trend earlier in development. Click Trending Strategies for examples.
- During a bracketing or consolidating market, are you often trying to play for the range extension or breakout instead of trading the boundaries of the consolidation area? It often seems traders look for ways to make quick money (through a breakout) versus playing the odds (consolidation). The Footprint® provides a unique perspective of consolidation or bracketing markets and helps traders see more objectively what is taking place in the market. Click Non-trending Strategies for more information and examples.
- Do you ever wonder how much volume occurred at a specific price or series of prices, especially at a high or low? Footprint® is the only trading tool that will give you a graphical representation of how the trading occurred and how much traded at each price. Click Footprint Profile and Breakout Strategies for more information.
- Wouldn't it be nice to be able to confirm your entry and exit signals using volume and order flow? The Footprint® uses color to help a trader be visually aware of changes in order flow and relative amounts of volume. Click Gaining Confidence.
- Would you like to take the concepts of Market Profile® and add to them the ability to read volume and order flow at significant price levels? Click Market Profile® for many examples of how to use Market Profile® with MarketDelta™.
- Are you making the transition to electronic trading or finding it difficult to get a "feel" when trading from a computer screen? One of the primary reason traders find it difficult to make the transition is the lack of physical senses while trading on the screen. You must learn to decipher the information that was once around you in a physical sense into information that is now around you in a virtual sense. This virtual sense is created through what you perceive through your eyes. Understanding price will not be the challenge when trading on the screen. The challenge will be what affects price. Volume and order flow are what affect price. Where that volume came from is inconsequential because you will rarely know that being an anonymous electronic trader. This will be difficult to accept at first, but as you learn to interpret volume, you will learn to interpret price. The Footprint® is a great tool to help make that realization possible. Click here for a simple example or reading volume in a trending market. Click around this web site to learn other ways of interpreting volume and order flow.
|
|
 |
 |
 |
 |
|
|
| |
|
| |
|
Additional MarketDelta® Information:
|
| |
|
|
|
