{quote} That...actually makes alot of sense. So with the volume, does it work on lower time-frames as well or just on higher ones?
Ignored
Volume is the shift in supply and demand on the fly. Contrary to retail trader belief's, (90% of them are wrong anyways) the markets aren't made up of higher time frames, they are made of the micro movements, and the sum of the micro moves = the larger moves. The sum of the larger moves = higher time frames. Volume is 200% more visible if properly filtered on the lower time frames, that's where the benefits come in. It clearly provides benefits on the higher time frames as well but be sure at all times you can confirm BOTH price and filtered volume. Without the blend you still have very little. Ultimately, in understanding volume, be sure you understand bid/ask bounce, that will give you heads up where volume turns the market on a dime.
The charts are wrong but the world accepts what it doesn't know.
Volume it's a very interesting concept that I always try to gauge on. It didn't work out well for me though
as there were few reliable sources + it's hard to back test on volume.
The concept and understanding is nice, but it all boils down to one question, Can a trader trade profitably using Forex volume? I'm still searching for verified volume traders to date.
None seen so far that have a verified track record of more than 6 or 12 months.
Volume it's a very interesting concept that I always try to gauge on. It didn't work out well for me though as there were few reliable sources + it's hard to back test on volume. The concept and understand is nice, but it all boils down to one question, Can a trader trade profitably using Forex volume? I'm still searching for verified volume traders to date. None seen so far with a verified track record of more than 6 or 12 months.
Ignored
It comes down to the trader and their ability to be adaptive. I trade a couple days a week with a steady 1-2% per trading day. Very few drawdown days as I stay dynamic but trading days are numbered because of the business management side primarily managing liquidity and relationships. It's not a fail proof method but it does give you all the large moves as they start on the lower time frames.
The charts are wrong but the world accepts what it doesn't know.
{quote} It comes down to the trader and their ability to be adaptive. I trade a couple days a week with a steady 1-2% per trading day. Very few drawdown days as I stay dynamic but trading days are numbered because of the business management side primarily managing liquidity and relationships. It's not a fail proof method but it does give you all the large moves as they start on the lower time frames.
Ignored
1-2% per trading day and couple trading days a week? That's CRAZILY GOOD. Do you have a myfxbook account?
Would certainly love to see those results. Drop me a pm or email if that's the case and we can work further together.
|
Additional Username
|
Joined Sep 2018
|152 Posts
I think thread starter suspended his idea, because of too high prices for it.
He would have to pay around 20k dollars a year, to get around 75% of real forex volume, on a hourly chart.
And he didn't found enough participants, to split the costs to make the price a lot cheaper...
I think thread starter suspended his idea, because of too high prices for it. He would have to pay around 20k dollars a year, to get around 75% of real forex volume, on a hourly chart. And he didn't found enough participants, to split the costs to make the price a lot cheaper...
Ignored
1 Cross Connect at a data center runs 2800/month .. his idea has been done thousands of times already.. the difficulty isn't getting the data, it's knowing how to understand the data. By time you integrate the main feeds 20K is a cheap month! Very Cheap Month! But yes. way over his budget prob.
The charts are wrong but the world accepts what it doesn't know.
{quote} 1 Cross Connect at a data center runs 2800/month .. his idea has been done thousands of times already.. the difficulty isn't getting the data, it's knowing how to understand the data. By time you integrate the main feeds 20K is a cheap month! Very Cheap Month! But yes. way over his budget prob.
Ignored
Well, actually you must be registered as institutional trader (company), to be granted access to that kind of data.
Are you institutional trader?!
Or: what do you have to offer?
{quote} Well, actually you must be registered as institutional trader (company), to be granted access to that kind of data. Are you institutional trader?! Or: what do you have to offer?
Ignored
Yes. I've been in the industry a few decades. Institutional level trading for 27 years of that. ClearStreamFX is a Prop Fund, Brokerage and Lender.
The charts are wrong but the world accepts what it doesn't know.
For those that have an interest in volume, we took a powerful algorithm that understands volume without historical lag and put it into the candles. Now each candle tells us where prices are going with custom colors.
The charts are wrong but the world accepts what it doesn't know.
For those that have an interest in volume, we took a powerful algorithm that understands volume without historical lag and put it into the candles. Now each candle tells us where prices are going with custom colors.
If you still want to buy such "real volume indicator" let me save you lot of money. What actually ClearStreamFX had been selling was just nicely colored ZigZag and modified tick tick volume indicator. Whole indicator suite easily replicable by common indicators included in MT4.
Left side of the picture -> aggregated institutional volume indicator
Right side if the pic -> simple slightly enhanced zigzag with modified tick volume indicator, all free
Do not trust anyone who is claiming to sell you aggregated institutional volume. These volume data feeds are not allowed to be resold and also are not eligible to be used for selling any derivative work based on it.
{quote} LOL what a bunch of BS. Prove it ! I have read in the past maybe in this book "The Microstructure Approach to Exchange Rates" ( i m not sure) and in a recent studie with the top 10 banks where ticks volume and money volume were correlated at 98 % and 95% , why on earth the missing 5% will give you the super-powerfull tool as you claim to dominate the market ? Just a gimmick to sell a useless gadget. It's not worth it. Institutional or serious traders can all laugh about it.
Ignored
Because Tick Volume data is filtered in the MT4 environment so that they can add to the spread. If you compare the tick volume of FXCM (one of the largest retail brokers) with any other, you will find that you will get 2 very different results.
{quote} Let's talk seriously please and don't insult skilled analysts in data processing. It's clear one tick alone says nothing but with billions ... open your eyes, this is an example : real money volume vs ticks volume (eurusd M1) {image} Most people (pigeons) you try to attract use mostly MT4 platform (not the best for microstructure analysis) but with a true ECN , model agency or even an institutional broker (mine can handle their MT4 data feed very well) a good coder can set up a project in a acceptable level by ABSTRACT the real volume when ticks volume are strongly correlated (see the graph) without paying a stupid fee. What you give is a placebo since you are not an high frequency trader or involved in arbitrage.
Ignored
But I then saw this, and realised that you are taking into account the filtered feeds of tick volume in the MT4 environment.
