Here is an indicator which should improve your current trading decisions ....VOLUME
Have u ever wished there was a data feed which gave u the real volume being traded in the Forex markets just like the centralized stock markets...
The volume indicator offered by several brokers is just pure rubbish since they are almost invisible in the forex market.
I have been fortunate enough to meet with some real professionals from big hedge funds involved in automated trading. Interacting with these guys was both a humbling and an incredible learning experience....
I learnt that there are some data feeds costing humongous amounts of money (50000 $ and upwards) which combine the volume being traded at several major banks and approximately converts an uncentralized markets into a centralized one...
but here is the trick....there is another data feed which is available free of cost and has an incredible correlation with the above mentioned data feed...
you might wonder why then professionals pay 50,000 $...well i ll leave it for u to figure that out....
a lot of people might already know what i m talking about...but if someone does not they can use this indicator to make their trading decisions better..
any guesses??? i ll eventually post it...just curious how many people are familiar with this
Forex FUTURES VOLUME HAS A CORRELATION OF MORE THAN 99% WITH THE REAL VOLUME OF A CURRENCY PAIR
its surprising how many people do not realize this...
Honestly, just using this volume can improve a lot of strategies..
for live trading u can go to CME website and get the volume(FREE)
For automated system testing, google data IQ Feed....and u can have a free 14 day trial account....in those 14 days u can download tick by data for the last 120 days and minute candle data for 5 years for FREE
P.S---I m not trying to sell anything here...just trying to help....... good luck
Have u ever wished there was a data feed which gave u the real volume being traded in the Forex markets just like the centralized stock markets...
The volume indicator offered by several brokers is just pure rubbish since they are almost invisible in the forex market.
I have been fortunate enough to meet with some real professionals from big hedge funds involved in automated trading. Interacting with these guys was both a humbling and an incredible learning experience....
I learnt that there are some data feeds costing humongous amounts of money (50000 $ and upwards) which combine the volume being traded at several major banks and approximately converts an uncentralized markets into a centralized one...
but here is the trick....there is another data feed which is available free of cost and has an incredible correlation with the above mentioned data feed...
you might wonder why then professionals pay 50,000 $...well i ll leave it for u to figure that out....
a lot of people might already know what i m talking about...but if someone does not they can use this indicator to make their trading decisions better..
any guesses??? i ll eventually post it...just curious how many people are familiar with this
Forex FUTURES VOLUME HAS A CORRELATION OF MORE THAN 99% WITH THE REAL VOLUME OF A CURRENCY PAIR
its surprising how many people do not realize this...
Honestly, just using this volume can improve a lot of strategies..
for live trading u can go to CME website and get the volume(FREE)
For automated system testing, google data IQ Feed....and u can have a free 14 day trial account....in those 14 days u can download tick by data for the last 120 days and minute candle data for 5 years for FREE
P.S---I m not trying to sell anything here...just trying to help....... good luck