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Is forex education misleading or everyone is stupid?

  • #801
  • Feb 6, 2022 2:41am Feb 6, 2022 2:41am
Quoting BlackNapkins
{quote} I see no correlation beetwin San Francisko and Tel Aviv... Let mi remind you I have answered one of your questions before ... did you?
I asked what PERCENT. Percent is not a binary 'yes' or "no". Also, your answer is wrong.

1. Both are situated on their country's Western edge.
2. Both are coastal cities.
3. Similar populations.
4. Similar latitude.
5. Similar cost of living.
6. Home to high-tech.

And if you think a bit more deeply you could probably come up with some more.

I am quite sure that I don't get the point of all this. You don't like tick volume data, is that right? You don't know why you don't like it, you just don't, right?
  • #802
  • Feb 6, 2022 3:02am Feb 6, 2022 3:02am
Quoting BlackNapkins
Peter, I know what a correlation is, I know there are several types of correlation ... But back to the point ... I heard that you are going for a walk with the dog .. on a walk with the dog you will have three legs on average. But if you go for a walk with five dogs, you will have an average of 3.66 legs ... fear to think what it would be like if you had 10 dogs to lead. The tick volume correlation on the D1 level reaches 98%, on the M1 level the correlation is useless.
I was addressing ohitsyou.. who is Peter?
  • #803
  • Feb 6, 2022 3:05am Feb 6, 2022 3:05am
Quoting ohitsyou
{quote} I asked what PERCENT. Percent is not a binary 'yes' or "no". Also, your answer is wrong. 1. Both are situated on their country's Western edge. 2. Both are coastal cities. 3. Similar populations. 4. Similar latitude. 5. Similar cost of living. 6. Home to high-tech. And if you think a bit more deeply you could probably come up with some more. I am quite sure that I don't get the point of all this. You don't like tick volume data, is that right? You don't know why you don't like it, you just don't, right?
I am NOT able give you PERCENT... I can not to count it... you know I am stupid one...
But makes me wonder...
How is a man able to serve a ball in tennis ???
Probably quickly counts the parabola of the ball movement, the falling speed, the hit force, and few more data, and also he can see the ball is white and round like ball use to be. The ball goes where he wants. Most of the time.
Do I have to compute a complicated formula to see that the percent correlation is large enough to use it, or is insufficient and not to use when I see this chart?

Attached Image (click to enlarge)
Click to Enlarge Name: correlation.png Size: 60 KB


Oh, I almost forgot... upper is GBPUSD M1
Lower is GBPUSD H4 ...
  • #804
  • Feb 6, 2022 3:17am Feb 6, 2022 3:17am
Quoting moodybot
{quote} I was addressing ohitsyou.. who is Peter?
Its look like retoric question...
I am almost sure This is Peter Caleb... I do not have nothing against his new Identity, I changed mine too some time ago... but I spent with him hours reading exchanging PMs and its like I know person. New identity oh-its-you sounds weird ... that's is all... to be onset next time he will change identity should go for oh-its-you-again... Still will be for me Peter, same Peter.
At least Peter its nice name, my second one.
  • #805
  • Feb 6, 2022 3:27am Feb 6, 2022 3:27am
Quoting BlackNapkins
{quote} Its look like retoric question... I am almost sure This is Peter Caleb... I do not have nothing against his new Identity, I changed mine too some time ago... but I spent with him hours reading exchanging PMs and its like I know person. New identity oh-its-you sounds weird ... that's is all... to be onset next time he will change identity should go for oh-its-you-again... Still will be for me Peter, same Peter. At least Peter its nice name, my second one.
Ok, no probs, not who I’m thinking he/she is but you may be right!
  • #806
  • Feb 6, 2022 3:51am Feb 6, 2022 3:51am
Quoting BlackNapkins
Does it look like 98% correlation??? {image}
Is this FXCM's 'real' volume?
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #807
  • Feb 6, 2022 4:00am Feb 6, 2022 4:00am
Quoting heispark
{quote} Is this FXCM's 'real' volume?
Its CME given by ClusterDelta on upper chart and and Tickmill forex feed on lower chart
  • #808
  • Feb 6, 2022 5:48am Feb 6, 2022 5:48am
Quoting heispark
{quote} Is this FXCM's 'real' volume?
Whether or not tick volume correlates with real volume is a significant question to ask and answer. Why are you staring at a picture that BN posted? Are you a child who can only make decisions from looking at pictures? If you care to go beyond "Misleading or Stupid" then read the analysis that I referenced and linked to. It's in English and not hard to read:
https://globalprime.medium.com/why-i...r-56a936eea70d
  • #809
  • Edited 11:07am Feb 6, 2022 5:52am | Edited 11:07am
Quoting heispark
{quote} Is this FXCM's 'real' volume?
How do you know the two charts are the same symbol, time frame and data horizon? How do you know those are even volumes? Geez -- is anyone here capable of critical thinking and paying attention to details?

Maybe ryuryu is right after all and that Stupid rules the day. ryuryu -- go get'em son...
  • #810
  • Feb 6, 2022 6:10am Feb 6, 2022 6:10am
Quoting ohitsyou
{quote} How do you know the two charts are the same symbol, time frame and data horizon? How do you know those are even volumes? Geez -- is anyone here capable of critical thinking and paying attention to details? Maybe ryuryu is right after all and that Stupid rules the day. ryuryu -- go eat'em up son...
BlackNapkins is absolutely right. There is no 85% correlation between tick volume and real volume. The correlation is 0%.
Moreover there is no need to compare them because their natures are totally different.
Real volume shows how many buys and how many sells was. Tick volume looks like random data just to draw "similar" candle by view. Tick volume it's not buying not selling. There can be no trading but there will be tick data anyway.
It is not very complicated to analyze real volume and make trading decision. But there is nothing to analyze in tick data volume at all.
But if you still believe that price go somewhere because you draw the line on the chart then you can "analyze" tick volume data. Why not.
Observer effect
  • #811
  • Feb 6, 2022 7:35am Feb 6, 2022 7:35am
Quoting BlackNapkins
{quote} Its CME given by ClusterDelta on upper chart and and Tickmill forex feed on lower chart
Thank you for details..... Then you are comparing CME currency futures volume vs. Tickmill's liquidity providers volume. IMHO, they are both subsets of total volume which no one knows exactly..... Long time ago, FXCM was boasting and selling their 'real' volume which wasn't actually 'real'. Although FXCM at that time was a dominant forex broker, their trading volume was still a subset of the total volume.

In MT4, is only tick volume available? Am I correct? I tested my volume indicators for natural gas using both MT4 and MT5. MT4 was nat gas CFD (tick volume I guess) and MT5 was CQG CME /NG volume. The end result was more or less very similar and I decided not to use MT5 only for volume data.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #812
  • Feb 6, 2022 8:07am Feb 6, 2022 8:07am
Quoting heispark
{quote} Thank you for details..... Then you are comparing CME currency futures volume vs. Tickmill's liquidity providers volume. IMHO, they are both subsets of total volume which no one knows exactly..... Long time ago, FXCM was boasting and selling their 'real' volume which wasn't actually 'real'. Although FXCM at that time was a dominant forex broker, their trading volume was still a subset of the total volume. In MT4, is only tick volume available? Am I correct? I tested my volume indicators for natural gas using both MT4 and MT5. MT4 was nat...
Check your PM box please
  • #813
  • Feb 6, 2022 9:10am Feb 6, 2022 9:10am
Quoting BlackNapkins
{quote} Oh, I almost forgot... upper is GBPUSD M1 Lower is GBPUSD H4 ...
mate, you are killing capitaltrader, the op, right here and right now?

Quoting BlackNapkins
{quote}At least Peter its nice name, my second one.
believe it or not, my last name means a fucker or a banger. someone who usually nails mothers. dont want to offend women here with this, but this is what my last name exactly means...

i am pretty happy with my last name, cause in 7-8 out of 10 times when they ask me to repeat it, not sure they heard it right, me is using popular synonims to make them catch it and they usually say something like this: ok. i get it. thanks!

by the way, Peter, in english, is just a polite name for a... manhood.
Maadik Hugiis. IQ 69.
  • #814
  • Feb 6, 2022 10:21am Feb 6, 2022 10:21am
Quoting ohitsyou
{quote} Whether or not tick volume correlates with real volume is a significant question to ask and answer. Why are you staring at a picture that BN posted? Are you a child who can only make decisions from looking at pictures? If you care to go beyond "Misleading or Stupid" then read the analysis that I referenced and linked to. It's in English and not hard to read: https://globalprime.medium.com/why-i...r-56a936eea70d

you know all about volume.
I'm throwing myself off what I'm reading here.
Attached Image (click to enlarge)
Click to Enlarge Name: fg.jpg Size: 8 KB
  • #815
  • Feb 6, 2022 10:32am Feb 6, 2022 10:32am
Quoting ryuryu
There is no 85% correlation between tick volume and real volume. The correlation is 0%.
This is absolutely wrong. There is a 85-95% correlation between tick volume and real volume.

This does not mean if the real volume number equals 100 that the tick volume measure would be between 85-95 for the corresponding interval.

What it means is, if the real volume is higher in current interval than it was in the previous interval, 85-95% of the time, the corresponding tick volume interval will also be higher than its previous interval.

What it means is, if the current real volume interval is the highest volume for that last 10 intervals, 85-95% of the time, the corresponding tick volume interval will be higher than the previous 10 tick volume intervals. Note: the real volume interval may 10xs as large whereas the tick volume may only be 3xs. That difference doesn't actually matter because the appropriate way to analysis volume (tick or otherwise) is in relative terms.

Quoting ryuryu
Tick volume it's not buying not selling.
Volume is activity.

Quoting ryuryu
There can be no trading but there will be tick data anyway.
Once again, you are incorrect. Tick volume measures changes in price. Therefore the opposite is true: there could be a thousand trades at the same price and there would be no tick volume because price stayed at the same level
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #816
  • Feb 6, 2022 11:11am Feb 6, 2022 11:11am
Quoting HiddenGap
Volume is activity. Once again, you are incorrect. Tick volume measures changes in price.l
Activity of what?

Real volume = real buy + real sell.
Delta = difference between buys and sells.

Tick volume is "activity"? Ok, let it be activity.
1. Activity of what?
2. And how you compare buys and sells with "activity"?

I mean not "how" but "what for"? Why? What is the purpose to compare some fake "activity" with real volume? If you have real volume you don't need any "tick data". You just see what is happening on the market right now. Using "activity" "tick volume" you see... nothing.

When I was busy with creating some crypto exchange we worked with "tick volume". It was just a mix from 3 different exchanges. Nothing real. Just an algo that multiply or divide incoming data flow on average exchange volume to draw correct candles.
Observer effect
  • #817
  • Edited 11:36am Feb 6, 2022 11:25am | Edited 11:36am
Quoting ryuryu
{quote} Activity of what? Real volume = real buy + real sell. Delta = difference between buys and sells. Tick volume is "activity"? Ok, let it be activity. 1. Activity of what? 2. And how you compare buys and sells with "activity"?
The activity that HiddenGap is referring to is an event -- call the event "Change-In-Price". If there is no "Change-In-Price" then there is no event and no activity.

The "activity" is the DELTA in price -- the DIFFERENCE, not the absolute price. That is why HiddenGap said that when it comes to volume you consider **relative** values, not absolute ones.
  • #818
  • Feb 6, 2022 11:28am Feb 6, 2022 11:28am
Quoting ryuryu
What is the purpose to compare some fake "activity" with real volume? If you have real volume you don't need any "tick data".
That would be true. But, you see, all that we have is tick volume -- so we have to make do with what we have (if we want to incorporate volume in our trading strategies). You have real volume, but you won't say where you get it.
  • #819
  • Feb 6, 2022 11:35am Feb 6, 2022 11:35am
Quoting ohitsyou
{quote} The activity that HiddenGap is referring to is an event -- call the event "Change-In-Price". If there is no "Change-In-Price" then there is no event and no activity. If the "Change-In-Price" event is lower than the previous "Change-In-Price" event then that would be your clue that sells outnumber buys, and vice-versa. The "activity" is the DELTA in price -- the DIFFERENCE, not the absolute price. That is why HiddenGap said that when it comes to volume you consider **relative** values, not absolute ones.
but there is an algo behind that tries very hard to keep the buys/sells balance as close as possible to 0... and very frequently the algo succeeds.

none of you is absolutely right here. as this equilibrium between the buys and the sells is a shady business and there is almost nothing to find about it ANYWHERE... not just here or on the web.
Maadik Hugiis. IQ 69.
  • #820
  • Feb 6, 2022 11:52am Feb 6, 2022 11:52am
Quoting MoneyZilla
{quote} but there is an algo behind that tries very hard to keep the buys/sells balance as close as possible to 0... and very frequently the algo succeeds. none of you is absolutely right here. as this equilibrium between the buys and the sells is a shady business and there is almost nothing to find about it ANYWHERE... not just here or on the web.
It seems to me we are talking to trees or smth like that.
I said 2+2=4
they answer that in their dreams if they buy it is 3, if they sell it is 5 or even more.
No chance.

Just let them draw their fancy lines and "analyze" tick data.
Observer effect
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