Using Thin Spots to Identify Trade Location

Using Thin Spots to Identify Trade Location

The ability to "see inside the chart" and observe what is happening in real time is very valuable for those who know what to do with the information. Something else that is just as important is being able to look back at the

inside the bar Footprint data

and use what others can't see to your trading advantage.

THIN SPOTS

: An area of prices where the trade tempo picked up and left very little volume behind.

For example, when a market's price goes down fast the volume will appear thinner than the volume at prices around the "thin spot" level. If price moves quickly through a price or series of prices a "thin spot" is created because not much volume was transacted.

Watch this 30 second

video

and gain an edge on why Thin Spots are so valuable!

Use the Footprint Chart On “Open Test Drive” Opening Type

Use the Footprint Chart On “Open Test Drive” Opening Type

Use the Footprint Chart On “Open Rejection Reverse” Opening Type

Use the Footprint Chart On “Open Rejection Reverse” Opening Type