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Anyone using MarketDelta footprint to trade?


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Anyone using MarketDelta footprint to trade?

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  #1 (permalink)
Amman Jordan
 
 
Posts: 4 since Dec 2014
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Hey guys

I have been researching about MarketDelta as a potential tool to add for my trade timing. I keep reading about how great and helpful it is to know the real volume data in the futures market.

However, what turning me off is that NONE of those who claim success using MarketDelta volume data with their trading has ever posted his results!


As a rule of thumb for me, I do not believe anyone unless proof is presented, especially when it comes vendors and commercial trading tools.

I would love to hear about your experience and if you can point me in the right direction

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  #3 (permalink)
Legendary Market Wizard
Georgia, US
 
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FXSavvy View Post
Hey guys

I have been researching about MarketDelta as a potential tool to add for my trade timing. I keep reading about how great and helpful it is to know the real volume data in the futures market.

However, what turning me off is that NONE of those who claim success using MarketDelta volume data with their trading has ever posted his results!


As a rule of thumb for me, I do not believe anyone unless proof is presented, especially when it comes vendors and commercial trading tools.

I would love to hear about your experience and if you can point me in the right direction

I use an essentially identical tool in another software package, and several different programs out there have similar tools.

I'll try to save you some time -- you are going about it in a way that leads nowhere. You are looking at a tool, wanting validation from an external source that it "works," and then you want to try it. What matters is whether it is helpful to you, and whether it's logical to use. If it makes sense, and is helpful, then use it, and see what results YOU get. Forget others and their results, they lead nowhere. Good luck!

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  #4 (permalink)
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The main footprint and profile thread:



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  #5 (permalink)
Amman Jordan
 
 
Posts: 4 since Dec 2014
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josh View Post
I use an essentially identical tool in another software package, and several different programs out there have similar tools.

I'll try to save you some time -- you are going about it in a way that leads nowhere. You are looking at a tool, wanting validation from an external source that it "works," and then you want to try it. What matters is whether it is helpful to you, and whether it's logical to use. If it makes sense, and is helpful, then use it, and see what results YOU get. Forget others and their results, they lead nowhere. Good luck!

If you are going to try every trading tool out there, test and study, you would end up spending the next decades studying without arriving anywhere.

I really think its important to see at least one success story with a tool before dedicating your time to studying it and deciding if its for you or not, since 99% of what is being offered is a total wast of time (and money)

I currently on a free trial with MarketDelta, I can say that this requires a lot more time to study than I have imagined. The question is: will it be worth the time?

Are you having success trading the similar tool you have mentioned? how long have you been trading?

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  #6 (permalink)
Legendary Market Wizard
Georgia, US
 
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Ok, sounds like you have it figured out, good luck!

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  #7 (permalink)
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josh View Post
Ok, sounds like you have it figured out, good luck!

@josh, you have to realize according to his profile he is a "Master". You on the other hand are a self-proclaimed nobody.

Merry Christmas!

Mike

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  #8 (permalink)
Amman Jordan
 
 
Posts: 4 since Dec 2014
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Big Mike View Post
@josh, you have to realize according to his profile he is a "Master". You on the other hand are a self-proclaimed nobody.

Merry Christmas!

Mike

Yep, this is exactly what the topic is about. Which is moderators trolling on their own forums. Lol!

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  #9 (permalink)
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The FP chart works well, whether it is from MD or anyone else, I don't think really makes that much of a difference (although I am partial to the graphics and clarity of MD).

I think the key is having an idea of when, where and how you will use that data before getting into it. So if someone is currently trading with some sort of method, where will this extra data in the form of the footprint makes things better?

As mentioned in this thread the FP chart can be just another tool or piece of eye candy.

If you can keep your wits about you while all others are losing theirs, and blaming you....The world will be yours and everything in it, what's more, you'll be a man, my son. - Kipling
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