Littlefish FX Analysts
Littlefish FX
What Is It?
A combined suite of three sophisticated order flow indicators which can be used both together and individually, offering a superior bank-level view of the markets.
What It Does
- Allows you to analyse order flow in a number of ways via effective visual aids plotted automatically on your charts.
- Volume profile: Highlights key order zones in the market including low value areas, high value areas and areas where the most orders were placed in that session creating a map of orders in the market.
- Delta Book & Pressure: Gives powerful analysis of strength and flow of orders in the market with speed showing the speed of transactions being processed at any one time and book pressure looking at the net difference between buying and selling strength as well as the difference between volume traded at bid price and volume traded at ask prices.
- VWAP: Plots the Volume Weighted Average Price of the instrument by taking the Dollar value of all trading periods and then dividing by the total trading volume for the current session. The indicator also plots standard deviations around the average.
Best Thing About It
- Volume profile can be used on a Daily, Weekly & Monthly setting allowing opportunity for order flow trading across all time-frames from important monthly levels right down to key intraday areas. These key order zones work as powerful levels for support & resistance
- Delta Book & Pressure are extremely sophisticated indicators offering powerful intraday trading advantages for capturing breakouts, trend continuation and reversals.
- VWAP can be used across all time frames and is extremely effective in both trending and range-bound markets with retracement to the VWAP providing trend continuation entries and standard deviation levels offering key support and resistance levels
What Does It Look Like?
The Suite Has Three Key Elements To It
1 – The horizontal grey,blue and red bars along the left hand side of the chart is the Volume Profile indicator
2 – The coloured bands surrounding price, with a green/red line intersecting, is the VWAP indicator
3 – The two panels in the bottom of the chart show Delta book pressure (bottom panel) and Delta speed (top panel)
All comments, charts and analysis on this website are purely provided to demonstrate our own personal thoughts and views of the market and should in no way be treated as recommendations or advice. Please do not trade based solely on any information provided within this site, always do your own analysis.
Editors’ Picks
EUR/USD flirts with daily highs, retargets 1.1900
EUR/USD regains upside traction, returning to the 1.1880 zone and refocusing its attention to the key 1.1900 barrier. The pair’s slight gains comes against the backdrop of a humble decline in the US Dollar as investors continue to assess the latest US CPI readings and the potential Fed’s rate path.
GBP/USD remains well bid around 1.3650
GBP/USD maintains its upside momentum in place, hovering around daily highs near 1.3650 and setting aside part of the recent three-day drop. Cable’s improved sentiment comes on the back of the Greenback’s irresolute price action, while recent hawkish comments from the BoE’s Pill also collaborate with the uptick.
USD/JPY edges up above 153.50 with all eyes on US CPI figures
USD/JPY appreciates above 153.00 but remains on track for a 2.4% weekly loss. Trading volumes remain subdued on Friday, ahead of the IS CPI release. The Yen remains supported by hopes of a stable government and calls for further BoJ tightening.
Editors’ Picks
EUR/USD: Yes, the US economy is resilient – No, that won’t save the US Dollar Premium
Some impressive US data should have resulted in a much stronger USD. Well, it didn’t happen. The EUR/USD pair closed a third consecutive week little changed, a handful of pips above the 1.1800 mark.
Gold: Metals remain vulnerable to broad market mood Premium
Gold (XAU/USD) started the week on a bullish note and climbed above $5,000 before declining sharply and erasing its weekly gains on Thursday, only to recover heading into the weekend.
GBP/USD: Pound Sterling remains below 1.3700 ahead of UK inflation test Premium
The Pound Sterling (GBP) failed to resist at higher levels against the US Dollar (USD), but buyers held their ground amid a US data-busy blockbuster week.
Bitcoin: BTC bears aren’t done yet
Bitcoin (BTC) price slips below $67,000 at the time of writing on Friday, remaining under pressure and extending losses of nearly 5% so far this week.
US Dollar: Big in Japan Premium
The US Dollar (USD) resumed its yearly downtrend this week, slipping back to two-week troughs just to bounce back a tad in the second half of the week.
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