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Application of Volume in Forex

  • #81
  • Oct 14, 2008 6:32am Oct 14, 2008 6:32am
Quoting PaulofNunes
I am new to Forex, and this may seem a stupid question, as thought there were no data on volume for Forex.
Where do you get the data?

Thank You
In Forex I use tick volume. Free software like Metatrader offers tick volume intraday and on daily charts.

You can search forums about volume and how it is calculated in forex
  • #82
  • Nov 27, 2008 2:53pm Nov 27, 2008 2:53pm
Wow great thread, thanks Denbur for your efforts, awesome stuff! I'm new to VSA, but I agree that it is essential.
Just joking..
  • #83
  • Nov 28, 2008 9:41am Nov 28, 2008 9:41am
I'm new to VSA, what do you guys think of the formation on the daily GJ?
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Just joking..
  • #84
  • Nov 29, 2008 10:26pm Nov 29, 2008 10:26pm
Please disregard my last message, it looks like only MIG has the volume spike, other brokers don't. Point goes to esignal.
Just joking..
  • #85
  • Nov 30, 2008 10:06am Nov 30, 2008 10:06am
Quoting denbur
In Forex I use tick volume. Free software like Metatrader offers tick volume intraday and on daily charts.

You can search forums about volume and how it is calculated in forex
Can you please explain how tick volume differs from actual volume?
  • #86
  • Dec 1, 2008 1:08pm Dec 1, 2008 1:08pm
Quoting bugscoe
Can you please explain how tick volume differs from actual volume?
Tick volume is the number of price changes during the time period. It would be interesting to compare volume data from esignal to tick volume to see how close they are.
Just joking..
  • #87
  • Dec 1, 2008 1:56pm Dec 1, 2008 1:56pm
the only volume that you can trust in forex is the COT reports open interest number.

There is no volume in forex.. the volume you see in some brokers is the volume of transactions in their own broker... there is no central international volume. That's one of the characteristic of forex.
  • #88
  • Dec 3, 2008 4:40pm Dec 3, 2008 4:40pm
TRY This LINK:
http://www.forexfactory.com/showthread.php?t=132537
OTR
  • #89
  • Jan 11, 2009 9:04am Jan 11, 2009 9:04am
Quoting denbur
I never met Tom in person but follow his work work closely.
I first read his book many years ago. I believed what he wrote but could not apply that.
Same here. I have read it twice and dipped in many times, but still I can see the potential but the actual.


Quoting denbur
The trader that taught me in real life is Jason Alan Jankovsky. He is a professional trader from Chicago.

Later I picked up Tom Williams' work and researches from traders like Whyckoff, Livermore and others.
How did you get the info from jankovsky? I did a quick search on the wen and he seems to be associated with something called the forex brotherhood. Doesn't mention VSA, Williams or anything similar.
  • #90
  • Jan 11, 2009 1:28pm Jan 11, 2009 1:28pm
Quoting crabbydog
How did you get the info from jankovsky? I did a quick search on the wen and he seems to be associated with something called the forex brotherhood. Doesn't mention VSA, Williams or anything similar.
he began working with forex brotherhoodonly only in 2008. I was a client of a company he was trading for and that is how I know him. Yes, he does not post anything on the website about his method, he only says a little bit about it. He uses volume and open interest a little bit differently from VSA and Williams.
  • #91
  • Jan 11, 2009 2:11pm Jan 11, 2009 2:11pm
Quoting emda
the only volume that you can trust in forex is the COT reports open interest number.

There is no volume in forex.. the volume you see in some brokers is the volume of transactions in their own broker... there is no central international volume. That's one of the characteristic of forex.
bla bla bla. tick vol cannot be trusted...

i can repeat it over again and again in different threads. when using tick volume of esignal which collects data of over 300 brokers, interbanks, ecn, clearing houses etc. you can get a very good picture of the supply/demand situation.

the vol of any of your brokers is of absolutely no importance. you can just disregard the forex vol on any of your brokers platforms, except futures. not cfd, real futures with vol reported from the exchange.

yes, based on expericnes and trading vsa since a while. i dumped the last indicator over 1 year ago and couldn't have made a better decision.

denbur, good job!
  • #92
  • Jan 11, 2009 2:43pm Jan 11, 2009 2:43pm
Quoting Dr.Geppynius
bla bla bla. tick vol cannot be trusted...

i can repeat it over again and again in different threads. when using tick volume of esignal which collects data of over 300 brokers, interbanks, ecn, clearing houses etc. you can get a very good picture of the supply/demand situation.

the vol of any of your brokers is of absolutely no importance. you can just disregard the forex vol on any of your brokers platforms, except futures. not cfd, real futures with vol reported from the exchange.

yes, based on expericnes and trading vsa since a while. i dumped...
Thanks Same here, no math indicators what so ever ... buy on down moves when crowd is selling, sell on up moves when crowd is buying ...
  • #93
  • Edited 2:59pm Jan 11, 2009 2:44pm | Edited 2:59pm
Quoting pedro13
I'm new to VSA, what do you guys think of the formation on the daily GJ?
even tough your request is from the last year, here a recent gj chart.

gj was hit by massive supply when approaching old tops, highest very weak up bar 2 bars ago, and a triggernumber of me. if this bar was on a wide spread closing clearly above the highs, then the high vol would have been absorbtion of sellers sitting into the previous tops and a sign of strenght, but we clearly failed breaking the old highs so it was a fake rally or just failed attempt to take out the highs. last 2 times stopping volume occured at that level, now we were sold off from it again, with higher vol this time. the highest upbar was followed by a failed test on even very high vol. the result of that failed test, high vol down bar was a reversal bar on lower vol. top reversal which itself is bearish also. this could be temporarily dry off of supply. we have to wait and see what happens the following days. i wouldn't want to buy here, because we know massive supply is present and has not been worked off. from my pov gj is not ripe to rise yet and like anticipated we just saw a fake new year rally. i would short gj now when seeing a sign of weakness like no demand up bars on a daily, because we have massive weakness behind us and we are in the upper quartile of a respected channel were we know supply is present and we are vulnerable to some sort of professionals selling. because of the massive vol which hit the market, we could well see the 130 or even sub 130, low of channel, to find some decent buying steping in and stop the move.
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  • #94
  • Jan 11, 2009 3:56pm Jan 11, 2009 3:56pm
Interesting
If everyone believes it, it will work.
  • #95
  • Jan 13, 2009 9:26am Jan 13, 2009 9:26am
hi,

what is the difference between the tick volume that esignal represents and euro fx futures volume ?

and can anybody help me find a FREE broker/platform where i can see real-time euro futures chart with volume ? btw how much do u pay to esignal to get the chart with volume ?

What platform are u using Geppynius ? thanks
  • #96
  • Jan 13, 2009 9:59am Jan 13, 2009 9:59am
Quoting Dr.Geppynius
bla bla bla. tick vol cannot be trusted...

i can repeat it over again and again in different threads. when using tick volume of esignal which collects data of over 300 brokers, interbanks, ecn, clearing houses etc. you can get a very good picture of the supply/demand situation.

the vol of any of your brokers is of absolutely no importance. you can just disregard the forex vol on any of your brokers platforms, except futures. not cfd, real futures with vol reported from the exchange.

yes, based on expericnes and trading vsa since a while. i...

First of all, volume is the second most important indicator on your chart! If you can get volume from your broker you should use it! (see chart). Brokers work with banks, or banks go through brokers. So their own trading is not likely to be against the market - they are in the know, you are not.

Secondly, the volume of futures may be accurate in showing where the large volume is but it will not differ that much from the brokers volume. That said, however, the currency futures market follows the Spot market! So if you have large volume going through the futures market but the spot market continues moving down, the futures euro will soon follow, in spite of the large volume!

Thirdly, as I have said before, if Citi sell 20 million euro to DB, and DB sell 20 million euro to UBS, where is the volume in that? 60 million or 20 million??
For this reason you should get volume from your broker and back test it.
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  • #97
  • Edited 10:36am Jan 13, 2009 10:20am | Edited 10:36am
Quoting TraderJack
First of all, volume is the second most important indicator on your chart! If you can get volume from your broker you should use it! (see chart). Brokers work with banks, or banks go through brokers. So their own trading is not likely to be against the market - they are in the know, you are not.

Secondly, the volume of futures may be accurate in showing where the large volume is but it will not differ that much from the brokers volume. That said, however, the currency futures market follows the Spot market! So if you have large volume going through the futures market but the spot market continues moving down, the futures euro will soon follow, in spite of the large volume!

Thirdly, as I have said before, if Citi sell 20 million euro to DB, and DB sell 20 million euro to UBS, where is the volume in that? 60 million or 20 million??
For this reason you should get volume from your broker and back test it.
thats why i said this...

lol..."first of all", the CEO of the world has arrived
i do not need any advise from you, trading vsa, so no worries.

that the future has to follow the cash market is clear and is repeated over and over again by me in different threads.
arbitraging at it's best.

the argument posted regarding citi-->ubs-->db is of absolutely no weigth and staled. even some of the defensive support-lines of retail bucketshops tell you excessive vol spotted can be disregarded. it was just exchange between big money house A to big money house B. it does not matter where it comes from. it has an impact on the market in any way and shows professional interest in a specific level.

since you always pretend to be at several higher levels than the rest of FF, go and talk with friends at investment banks who have a clue about that topic.

imho there is no "indicator" which is more important than volume. absolutely NO indicator which uses any mathemathical formula, taking values of the past to predict human behavior in the future has any weigth to me when trying to trade on the supply&demand side of the market.

i do not count PA to indicators in case you were referring to that...

i do not get your point with that post. self-adulation like in the other threads
  • #98
  • Jan 13, 2009 1:10pm Jan 13, 2009 1:10pm
Quoting lumesh
hi,

what is the difference between the tick volume that esignal represents and euro fx futures volume ?

and can anybody help me find a FREE broker/platform where i can see real-time euro futures chart with volume ? btw how much do u pay to esignal to get the chart with volume ?

What platform are u using Geppynius ? thanks
Volume in Futures market is shown in contracts, as for the tick Volume, look through this thread, I think it was discussed somewhere.


The only free platform with Volume I know is Metatrader. I doubt that you could find free data feed for realtime Futures market, except free CBOT website where you can collect Daily Volume manually.

Daily Volume in Futures is lagging by 12 hours. CBOT issues it only in about 12 hours after the close and the data providers, which I have been working with, issue it in 24 hours.
So in the past, I was collecting Daily Futures Volume manually from CBOT into excel.
  • #99
  • Jan 13, 2009 1:13pm Jan 13, 2009 1:13pm
yep. and the vol delay on the dailies is there for a good reason! because of it's importance and to the disadvantage of the mass who have to feed the winners
  • #100
  • Jan 13, 2009 1:57pm Jan 13, 2009 1:57pm
Quoting Dr.Geppynius
yep. and the vol delay on the dailies is there for a good reason! because of it's importance and to the disadvantage of the mass who have to feed the winners


eem...not sure about the delay of 12 hours...that "Volume Trading" thread guy made a webpage and i don't have to wait long the next day to get the previous days volume data from CME....anyway if you get daily volume with a little lag is that a big deal ? Because if u get daily volume you would trade daily charts ?

I posted my question a little misleading...i know what is futures volume and what is tick volume....i asked specifically esignal tick volume since this has some importance compared to useless MT platform broker volume....

what i wanted to know was: do u trade the tick volume with the same principles like the real futures volume ?

and i meant futures brokers that offer demos that have real-time correct prices...IB offers a demo but with incorrect prices.
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