Tracking the Euro

Here is a good example of how you can see in real-time when one group -- The Buyers -- fails and the other group then takes over. The Footprint chart makes it easy to gauge the ongoing battle in real time between buyers and sellers. It also helps you understand what is happening in a particular price range, as we see here, where, despite a short moment of apparent balance as prices moved flat, it was actually the sellers that were dominating nearly the entire time. Thus, the sharp and sudden decline in prices would not have been any surprise to someone watching the Footprint chart.

 

Weakening Selling before Buying

Trading AAPL with Order Flow