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  • #5,601
  • Mar 5, 2023 10:55am Mar 5, 2023 10:55am
Quoting Kwt4x
{quote} not even close my friend 100k ticks might be millions of lots. I also forgot to mention that the tick data is for the broker clients only not the full market, and that's another bummer :/ cheers,
Sad thing is most are not aware of this.

Either way, to me, volume is another useless data point. Trading can easily be done without it and the cult like following that has some how been created around it be it tick or real.



Just threw the link up for info. Don't see too many references to research from the proponents of said volume.





In the end I really don't care.
Mark ... Everything you have been told is a LIE
  • #5,602
  • Mar 5, 2023 11:08am Mar 5, 2023 11:08am
Quoting spzd
{quote} Sad thing is most are not aware of this. Either way, to me, volume is another useless data point. Trading can easily be done without it and the cult like following that has some how been created around it be it tick or real. Just threw the link up for info. Don't see too many references to research from the proponents of said volume. In the end I really don't care.
I know it is, and the word "Volume" made this misunderstanding and confusion.

Volume is VERY important in centralized markets like stocks because you can see the full size of shares traded, but in Forex, as you said kind of useless.

except FIX-api accounts, they bypass the broker to the pool of liquidity providers in the Equinix centers, and they can see real volume. BUT the account have to be HUGE *another bummer*

cheers,
"the public is not yet ready for it" W.D. GANN
  • #5,603
  • Mar 5, 2023 11:09am Mar 5, 2023 11:09am
Quoting spzd
{quote} Sad thing is most are not aware of this. Either way, to me, volume is another useless data point. Trading can easily be done without it and the cult like following that has some how been created around it be it tick or real. Just threw the link up for info. Don't see too many references to research from the proponents of said volume. In the end I really don't care.
Inserted Video


Mr Hull himself on stock volume - from 55:12. Not as reliabe as 30 years ago. Hmm, He be mathematician too.
  • #5,604
  • Mar 5, 2023 11:12am Mar 5, 2023 11:12am
Quoting Kwt4x
{quote} I know it is, and the word "Volume" made this misunderstanding and confusion. Volume is VERY important in centralized markets like stocks because you can see the full size of shares traded, but in Forex, as you said kind of useless. except FIX-api accounts, they bypass the broker to the pool of liquidity providers in the Equinix centers, and they can see real volume. BUT the account have to be HUGE *another bummer* cheers,
Don't get me wrong, volume has it's uses and some trade using it. More power to them.

When it come to stocks my criteria is what is the dividend payout.
Mark ... Everything you have been told is a LIE
  • #5,605
  • Mar 5, 2023 11:14am Mar 5, 2023 11:14am
Quoting Kwt4x
{quote} I know it is, and the word "Volume" made this misunderstanding and confusion. Volume is VERY important in centralized markets like stocks because you can see the full size of shares traded, but in Forex, as you said kind of useless. except FIX-api accounts, they bypass the broker to the pool of liquidity providers in the Equinix centers, and they can see real volume. BUT the account have to be HUGE *another bummer* cheers,
Also, if anyone ever truly studied Wyckoff, they will find volume plays an essential role.
Mark ... Everything you have been told is a LIE
  • #5,606
  • Mar 5, 2023 11:15am Mar 5, 2023 11:15am
Quoting FocusWinReal
{quote} https://www.youtube.com/watch?v=1escKAsUwjM Mr Hull himself on stock volume - from 55:12. Not as reliabe as 30 years ago. Hmm, He be mathematician too.
He is a mathematician who primarily trades stocks. He may be a reliable source.
Mark ... Everything you have been told is a LIE
  • #5,607
  • Mar 5, 2023 11:24am Mar 5, 2023 11:24am
Quoting spzd
{quote} Also, if anyone ever truly studied Wyckoff, they will find volume plays an essential role.
Wyckoff is for stocks in it's purest form. Point and figure charting with volume and the 9 buying tests etc. Using it on forex makes no sense to me but that's because I learned it for stocks and the volume element of a very long time ago. Tradeguider software modernised elements of it as Volume spread analysis trading from Tom William's writings.
  • #5,608
  • Mar 5, 2023 11:32am Mar 5, 2023 11:32am
Quoting spzd
{quote} He is a mathematician who primarily trades stocks. He may be a reliable source.
He's one of the main guys over here that educates and trades. I met him once at a shorting event he ran. He ain't silly that's for sure.
  • #5,609
  • Mar 5, 2023 11:41am Mar 5, 2023 11:41am
Quoting Kwt4x
{quote} not even close my friend 100k ticks might be millions of lots or 10k lots (if some tick size are mini or micro), you never know the real volume. I also forgot to mention that the tick data is for the broker clients only not the full market, and that's another bummer :/ cheers,
Yes, know your broker's limitations. Internal only pool of liqiudity perhaps ouch in slippage?
  • #5,610
  • Mar 5, 2023 1:57pm Mar 5, 2023 1:57pm
I've only skimmed some of the discussion about volume in this thread, but I have not seen any clear evidence that the few forex data sources are viable from a retail trading perspective. However, if you trade forex intent signals to targets, then volume data is irrelevant. When the banks signal intent, they are signaling their intentions to bring about volume imbalances, in a series of collective processes, to move price to targets. Intent implies volume imbalances are coming. When volume actually develops is less important that observing and trading the signals.
  • #5,611
  • Edited 3:41pm Mar 5, 2023 3:19pm | Edited 3:41pm
Quoting GEfx
I've only skimmed some of the discussion about volume in this thread, but I have not seen any clear evidence that the few forex data sources are viable from a retail trading perspective. However, if you trade forex intent signals to targets, then volume data is irrelevant. When the banks signal intent, they are signaling their intentions to bring about volume imbalances, in a series of collective processes, to move price to targets. Intent implies volume imbalances are coming. When volume actually develops is less important that observing and trading...
Excellent explanation about volume input for intent to target traders who cannot rely on competing symmetrical inputs, hence real time volume parameter as a subset process has been rendered irrelevant.
Know what you trade
  • #5,612
  • Edited Mar 6, 2023 7:54am Mar 5, 2023 4:32pm | Edited Mar 6, 2023 7:54am
Quoting BWilliam
{quote} Excellent explanation about volume input for intent to target traders who cannot rely on competing symmetrical inputs, hence real time volume parameter as a subset process has been rendered irrelevant.
Hi BWilliam, yes you see this notion, a precept actually, of intent to target, in forex trading over and over again. For example, on the 1H chart, look at how the GBP/$ has traded over the last few week. The target of 1.2150 was established several months ago, while the lower target of around 1.1930 just a few weeks ago. The turns off targets, intent signals and then follow through are very clear on the 1H or 30M, with add on trades available (on lower timeframes) as PA takes you back to target. On each turn, once intent is signaled, the risk/reward of trade 1 is huge, and you can clearly see (on lower timeframes) as PA moves to target, the commitment of the banks to put volume imbalances into play to move to targets. There was not enough time last Friday to get PA close to 1.2150, but that remains the target of my trade 1. Of course, we have to be cautious of PA tonight after the weekend, as FA conditions may have changes since then. We are trading possibilities not predictions, so before trade 1 can be re-entered, we need to see follow-on commitment from the banks. Sorry that is a little more of my trading style than just strategy talk. Have a good trading week!
  • #5,613
  • Mar 5, 2023 4:52pm Mar 5, 2023 4:52pm
So many valid points above, about volume & forex trading cheers ALL.


Imho if volume WAS absolutely & irrevocably necessary to be successful in trading retail forex then EVERYBODY would HAVE to obtain it.
And to suggest that unsuccessful forex traders exist beecause they were NOT using volume is myopic as to what happens inside a trader when PRICE is moving.

Simply, for myself, forex volume data is just not necessary in how I trade (targets) from the lines (levels).

Monday is open lol.
  • #5,614
  • Mar 5, 2023 5:04pm Mar 5, 2023 5:04pm


https://www.forexfactory.com/thread/...3#post14347873

Looks like Rick has posted a pic of the scam busting team just before the raid on Rick and Rudy’s indicator shop!
  • #5,615
  • Mar 5, 2023 8:00pm Mar 5, 2023 8:00pm
Quoting GEfx
{quote} Hi BWilliam, yes you see this notion, a precept actually, of intent to target, in forex trading over and over again. For example, look at how the GBP/$ has traded over the last few week. The target of 1.2150 was established several months ago, while the lower target of around 1.1930 just a few weeks ago. The turns off targets, intent signals and then follow through are very clear on the 1H or 30M, with add on trades available (on lower timeframes) as PA takes you back to target. On each turn, once intent is signaled, the risk/reward of trade...
Hi GEfx, perhaps to give a complete picture I should also say that traders can chose the other route to trade volume as a tape reader as the other leg of symmetry. It's a personal choice. Just that we can't have both. Cheers
Know what you trade
  • #5,616
  • Mar 5, 2023 8:09pm Mar 5, 2023 8:09pm
Attached Image (click to enlarge)
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  • #5,617
  • Mar 5, 2023 9:33pm Mar 5, 2023 9:33pm
Okay my Asia box is shortly to close, NOT asia lol just me


Chart Price movement doesn't always look the same, sometimes they shoot off in just one direction.
Do they "always" shoot for the prior hi-lo swings from yesterday.
We observe first, is the best idea imo.


Still my morning is over now, back again for pre-Franky for another shot, will see what they bring for us then.

Asia MUST, by definition (as they alone are open now), set the new hi-lo for the early new day. What the market does next is up to them.
https://www.forexfactory.com/thread/...4#post14347154

.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM5 asia must set the early hi-lo.png Size: 16 KB
  • #5,618
  • Edited Mar 6, 2023 12:34am Mar 5, 2023 11:25pm | Edited Mar 6, 2023 12:34am
Quoting BWilliam
Compare GJ and GU charts Friday, GJ has no clear intent because it's trapped both top and bottom, can't make 50pips swing. Whereas GU has a clear bottom at 1.19620 region, safe entry at LC for clear h4 intent to take place us session. And it did as expected. Here's the thing, if you miss this trade entry you won't get another opportunity. Cheers BW ***important note, h4 intent must be orientated to exact level. Intent without level is meaningless.
I returned to post on FF because I wanted to give a complete picture of intent to target trading which is contained in post #5490
https://www.forexfactory.com/thread/...2#post14347232
https://www.forexfactory.com/thread/...2#post14347422
https://www.forexfactory.com/thread/...1#post14347451
https://www.forexfactory.com/thread/...7#post14347467
https://www.forexfactory.com/thread/...8#post14347568
https://www.forexfactory.com/thread/...4#post14347684

Kwt4x, this last one is the topping on the cake.
https://www.forexfactory.com/thread/...9#post14347759

One final part and I'm done. Like many earlier posts, I commit a price in the sand which I always bold.

Besides this broad notion of intent to target trading,
https://www.forexfactory.com/thread/...0#post14348140

my starting point is clearly defined. You can check my history posts, check against the charts how much drawdown against the price.

The important point I want to make is not only we must know intent, we must also know at what price level the banks will start executing their imbalance process. The nearer we execute our entry the cheaper the cost, this must be the case.

Perhaps, some of us call it support and resistance level, or supply and demand zone or orderblock.

The name don't matter.

When we call the intent, we must call together the price level from which the banks start to act. Only then does this intent to target trading strategy make sense.

I don't use fancy words. I simply call it value trading the intent to target. Fact is I'm a trader, not a writer, I coin them whatever suit best meaning.

I have given a lot of details this time around. Shown the possibilities of different settings with a wider range. Shown the counting part, wrote a lot of explanations. That's all I can do and want to do on Andy's thread. The rest is up to you. So thank you Andy for hosting my posts.

Enjoy trading everyone. Many green pips to everyone.

Cheers
BWilliam

Ps, remember this, if I, an average Joe, can do this so can you. Nothing is impossible. Reminding everyone we're in 2023.

Pps shout out to GEfx who wrote some amazing posts last few days. Guys/gals pls read them top notch stuff.

Ppps Kwt4x, I won't be fighting for the Arkenstone.

Pppps Shabs and Dave, you both helped smoothen things along, thank you.

Ppppps FMA, the key words are no option.

Pppppps Pete, I meant no malice. I apologies for my misbehaviour.

Ppppppps Rick, finally its out here on Andy's thread.

One last matter, fights and forum politics is a waste of everyone's time. I'm sure we're all here on FF for the knowhow to trade profitably. Profits is what we care about. The rest forum snake pit stuff, nobody cares. Don't waste your time and bog down everyone else's time. Just saying.
Know what you trade
  • #5,619
  • Mar 6, 2023 12:43am Mar 6, 2023 12:43am
Quoting BWilliam
{quote} I returned to post on FF because I wanted to give a complete picture of intent to target trading which is contained in post #5490 https://www.forexfactory.com/thread/...2#post14347232 https://www.forexfactory.com/thread/...2#post14347422 https://www.forexfactory.com/thread/...1#post14347451 https://www.forexfactory.com/thread/...7#post14347467 https://www.forexfactory.com/thread/...8#post14347568 https://www.forexfactory.com/thread/...4#post14347684...
The last piece of the puzzle. But more work is to be done. Thanks as always.
The market hides a perfect geometry.
  • #5,620
  • Mar 6, 2023 2:10am Mar 6, 2023 2:10am
Quoting BWilliam
{quote} .

Thanks Jason, I appreciate what you said to me, sleep well, trade well
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