DislikedBionics, now if we can combine volume data from top 10 brokers by trading volume and then average it out and produce a volume profile - this will be a whole new world.Ignored
That would indeed be a very interesting idea, unfortunately, not all big big players offer a data feed for brokers. Deutsche Bank is one of the largest Forex traders in the world and as far as I know they are not providing all data to a broker. Most trades with the broker (except ECN brokers) are not forwarded to the interbank market anyway. If 20,000 customers are short and 20,000 customers long, there is no risk for the broker. Only if the ratio of long and short positions is unbalanced does the broker secure itself via the interbank market. That's why many of our trades do not even come into the market, and thus no volume is created. The interesting thing is that the future volume is already very close to the Forex volume. The price movements of the EURUSD are identical to the Euro FX. The future price minus the swaps is equal to the forex price. The EURUSD forex market is only about 100 times larger than the Euro FX futures market. If the future DOM trades at a price level of 400 lots, then 40,000 lots would have to be converted into the forex market. But you are absolutely right with your idea, unfortunately this will remain an unfulfilled dream for all of us. But we are creative and know, how to help each other. With the absorption at the individual price levels, I have already come a long way in the last few days and will report about it in the next few days. The big players work with all the tricks and today I understand why I lost at the beginning of my trader career. The forex market is the heaviest market in the world, but with the right data and interpretation it will be a lot easier.
I wish you a successful trading week.
Forget: "That does not work," amateurs build the ark, pros the Titanic!