Forex Footprints - Revealing Opportunties

MarketDelta now makes it now possible to plot a Footprint for FX markets. THIS IS A GAME CHANGER FOR FOREX TRADERS!

Prior to this, forex traders only had price to trade from. Now they will have the transparency to see where tick volume is occurring within the bar, any time frame bar I might add. See where there is light tick activity and where there is heavy tick activity. This will provide a very good indication of where traders are placing their bets.

Depending on the type of Footprint, another benefit is the delta coloring. This is based on whether the tick activity is occurring at the ask or on the bid, giving a very good indicator of order flow.

Here are a few examples pulled from today's trading.

Interpreting Order Flow Using the Footprint Chart

When buyers dry up