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Application of Volume in Forex

  • #101
  • Jan 13, 2009 2:12pm Jan 13, 2009 2:12pm
Quoting lumesh
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...
- Yes, same principles apply to any Volume.

- I have no experience with demos.

- Regarding your daily data. Not sure who is your provider but what I know is that providers "shift" Volume and show yeasterday's Volume as today's Volume.Not many people know about that cheating becuase not many bother to verify the data. Any data feed provider cant issue Daily Volume ahead of the exchange and exchange delays it.
  • #102
  • Jan 13, 2009 2:29pm Jan 13, 2009 2:29pm
Quoting denbur
- Yes, same principles apply to any Volume.

- I have no experience with demos.

- Regarding your daily data. Not sure who is your provider but what I know is that providers "shift" Volume and show yeasterday's Volume as today's Volume.Not many people know about that cheating becuase not many bother to verify the data. Any data feed provider cant issue Daily Volume ahead of the exchange and exchange delays it.


i see, thanks for that info
  • #103
  • Jan 14, 2009 2:02am Jan 14, 2009 2:02am
Dr.Geppynius you wrote:

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.

The point of the post is because of what you wrote above. Broker volume is important. I fail to see why you say that it is not important?

Not above FF, simply been trading for a very long time, My very first trade in shares was back in 1988. I have been trading professionally since 1999, (using charts), and as a "self employed" trader since 2002. Forex since 2003! I think I understand the business. I know people up in the city of London that work in the banks trading rooms. I get to hear about the forex market through my mates. You learn and pick things up over the years.

You have not understood the reference to the banks! They sell and buy, they put the orders into the markets. If you are a professional trader as you make out to be, then you should know that they (top tier banks), are putting the orders through from big companies such as BMW, Rolls, Governments etc, which go through platforms such ESB, Reuters etc, which then go out to everyone connected, e.g., brokers! This also means that trading platforms differ in ways which allow transactions to be executed. A top bank will struggle to get anything into currenex, for example, but will be fine with Hotspot. But it is the exchange of currency between banks that can move the markets. If a large order is being put through some banks will actually remove their bids because the trasaction is to heavy. Hence the big moves, often to the next figure! The spot traders from all the bansk meet up often. They all know each other! They talk on the phones. Banks work together. But the volume is worthless. The brokers volume is not.

So regading your paragraph (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)

If one bank dealt and another bank took it, that can be an important directional clue if the price spikes, they have moved the market.

I don't know why you are contemptuous against my posts I am only trying to help those traders who are really interested in trading and correct those who have not fully understood certain aspects of technical trading!

Also I have been a regular visitor to one of the biggest trading rooms in the city of London since they used the telephone for FX! Thats a long time, and going by your comments and the things you say, you were probably still wearing dypers!

Finally, there is one indicator that is more important than volume. Maybe one day I will post about it. Maybe in a year from now if you are still around!

And don't forget, there is a trading competition beginning next month!
  • #104
  • Jan 14, 2009 3:19am Jan 14, 2009 3:19am
[quote=denbur;2466331]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.[/quote]


What about TT's X Trader, Strategy Runner, they all show real time accurate volume levels. There are high volume scalpers on X Trader who can't hide the volume of their transactions! Obviously you have never tried out these platforms, so you should at least get a demo. Check out the volume. The transactions in the futures market will show and you can compare it to Metatrader volume. But futures follow spot price!

It is the amount of open contracts that is delayed.
  • #105
  • Jan 14, 2009 5:09am Jan 14, 2009 5:09am
Quoting TraderJack
Dr.Geppynius you wrote:

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.

The point of the post is because of what you wrote above. Broker volume is important. I fail to see why you say that it is not important?

Not above FF, simply been trading for a very long time, My very first trade in shares was back...
i know how transactions are cleared and that companies like mb, bmw make the most amount of their money by speculation, not car selling, using top tier banks of course which often cannot place the whole order at once and hitting the bid with 50 yards, which would dramatically give them worse prices. that'S why we see price meandering around a specific level during accumulation. sure shots on s&p, which on which the main trades always should be placed on thu/fri. approach an area, let price fall, buy some, stop buying, let the market come down and push it down by little shorting until back at the area of interest. buy some more...and again and again. then move after accumulation period is over and supply was removed. that is not the point.

my point is, that the volume of the RETAIL bucketshops alone is of no importance, since such companies do not act in the prime brokerage level or even provid liquidity in the market theirself, at least on their retail platform with the retail feed. the volume of all retail traders accumulated is about 2% and the volume represented by the mt4 bucketshops shows tick volume of price ticks on their own, non interbankmarket playfield. i am talking not about hotspot institutional or mfgblobal prime brokerages and so on. i am talking about the bucketshops which 99% of the forexfactory users are client of and which mirror the interbank market prices.
that's why i say use esignal composite feed, which also includes the data of some ecns and real banks. i even compared many single feeds out of the esigna data stream against each other and yes, the composite feed (i use price bar creation by hsfx hotspot institutional feed and the unfiltered volume of all esignal contributors) differs from the single brokerages and therefore many ticks of big orders going through rbs etc. and so "volume", is missing.

you know, that to keep this game running, there has to be a heavy imbalance on the loser side, which also consists of hedge funds, "insider" traders, professionals, banks etc. so i do not care about any course or anybody who does not pay attention to volume or disregards it, even saying it does not matter, because i have many years of trading behind me, and found vsa the most pleasuring and accurate approach ever used, after a while of learning and still evolving.
thats why i tend to be a little offending when i read such things, just trying to tell me or convince me vol does not matter, which was one of your first posts. because, i only trade based on price (bars/action) in comparison to volume and have never done better, even tough i was tought using technicals, which i partly still do of course (trendchannels, triangles, wedges,tls etc.) but no indicators which uses mathemathical formulars to predict turning points or targets, even tough it works for eough people.

i also know some pretty big money traders and guys working at a hedge fund, paying pretty much attention to volume and price only, also been to wyckoff seminars. they also emphasize this approach as pretty much astonishing and the way to go. so when all the guys you meet for lunch do not care about volume and never talk about that, i pretty much assume it is not because of the fact that vsa/wyckoff does not work. i bet many of them don't know it. just speak about it. i do not say they do not make money, i just speak about their consciousness regarding vsa, volume ,market manipulation.

over and over again i see that it works, in any market. there are a few constellations which are sure shots and this again shows that it is trading on the professional side of the market.
  • #106
  • Jan 16, 2009 3:57pm Jan 16, 2009 3:57pm
There is an indicator called normalized volume in es, what takes into consideration the time of the day. (As volume generally tends to increase or decrease during certain periods of the day). Do you guys look at this indicator at all, or just use the basic volume? There are some significant differences, so I was wondering if anybody looked into this already.
Just joking..
  • #107
  • Jan 16, 2009 7:52pm Jan 16, 2009 7:52pm
Quoting TraderJack
Finally, there is one indicator that is more important than volume. Maybe one day I will post about it. Maybe in a year from now if you are still around!

And don't forget, there is a trading competition beginning next month!

Hi TraderJack,
do u tell maybe about price distribuition?
What about trading competition?

Thanks.

Lubo.
If I know how, I tell You!! Few but Good!!
  • #108
  • Jan 16, 2009 7:56pm Jan 16, 2009 7:56pm
Quoting pedro13
There is an indicator called normalized volume in es, what takes into consideration the time of the day. (As volume generally tends to increase or decrease during certain periods of the day). Do you guys look at this indicator at all, or just use the basic volume? There are some significant differences, so I was wondering if anybody looked into this already.
Hi Pedro,
on MT4 i use basic volume indicator.

Lubo.
If I know how, I tell You!! Few but Good!!
  • #109
  • Jan 16, 2009 9:33pm Jan 16, 2009 9:33pm
hi folks,

i am glad to see someone has put a thread about this type of trading,
i mean, by the owner of the thread, he seems to trade naked plus volume,
i do trade futures and spotfx too, but to trade without volume it is not my nature, and i think i am right or at least i think so

in general i dont trust sentiment indicators at all , especially from companies (i am always talking about forex brokers)
i have a slight feeling that they are manipulated in a way or another
as for esignal, i do trust their feed , and that is what i need , a reference point, that works for me

COT (open interest) gives an approximate idea of the volume
but i take a different approach to trading as opposed to the owner of the thread, i do use EW and fibs and CCI indicator and 50, 200 EMA to reinforce my biases based on the volume analysis, on forex-trades i make my analysis based on futures and apply it there

my point is this
why not make use of those automated tools in your analysis ?
you can't enter a trade only on your gut feeling, can you ?

i dont want to be contrarian, but i do think that are some things you can trust, the things that give you trust, the things you believe that works and that's all you need, since you never know the truth about why the market
moves this way or that way
  • #110
  • Jan 19, 2009 7:03am Jan 19, 2009 7:03am



If I know how, I tell You!! Few but Good!!
  • #111
  • Jan 20, 2009 4:27am Jan 20, 2009 4:27am
Quoting LuboLabo
Hi TraderJack,
do u tell maybe about price distribuition?
What about trading competition?

Thanks.

Lubo.

No, nothing to do with price distribution.

The trading comp is on the front page of www.FXSteet.com
  • #112
  • Jan 20, 2009 5:05pm Jan 20, 2009 5:05pm
Quoting TraderJack
No, nothing to do with price distribution.

The trading comp is on the front page of www.FXSteet.com

Why not sharing this great secret?

Lubo.
If I know how, I tell You!! Few but Good!!
  • #113
  • Jan 24, 2009 8:08am Jan 24, 2009 8:08am
Quoting LuboLabo
Why not sharing this great secret?

Lubo.
How is going with use of BMC Volume Analysis Indicator? I still can not make it work: i place it either too early or too late and I can not place it on all chartas in same time....exactly at 00 GMT.
The Market pays you to be disciplined
  • #114
  • Jan 25, 2009 4:44am Jan 25, 2009 4:44am
Quoting mima
How is going with use of BMC Volume Analysis Indicator? I still can not make it work: i place it either too early or too late and I can not place it on all chartas in same time....exactly at 00 GMT.
I don't use it, cause if u want to use u have to keep your pc and MT4 always on. These is a limitation of MT4 that don't allow to store tick data.
There are other platform allow that, like NinjaTrader, but i'm not a programmer......(I have told this to EAprogrammer, but he didn't take care about).
Now I'm trying to use normal volume indicator analisys, like VSA(volume spead analisys), with previus day high volume position.

Lubo.
If I know how, I tell You!! Few but Good!!
  • #115
  • Jan 25, 2009 10:38am Jan 25, 2009 10:38am
Quoting LuboLabo
I don't use it, cause if u want to use u have to keep your pc and MT4 always on. These is a limitation of MT4 that don't allow to store tick data.
There are other platform allow that, like NinjaTrader, but i'm not a programmer......(I have told this to EAprogrammer, but he didn't take care about).
Now I'm trying to use normal volume indicator analisys, like VSA(volume spead analisys), with previus day high volume position.

Lubo.
me too
The Market pays you to be disciplined
  • #116
  • Jan 29, 2009 2:45pm Jan 29, 2009 2:45pm
Quick question: The daily volume data is not showing on ES, all other TFs are ok. Am I missing something?

Thanks,
Peter
Just joking..
  • #117
  • Jan 31, 2009 2:33pm Jan 31, 2009 2:33pm
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts
Really getting into Volume Analysis lately. Looks like E-Signal has the best Volume tick data. Check this out: http://kb.esignalcentral.com/display...earch&search=1

It lists all the contributors to their Volume Tick data. All I can say is DAMN!! Credit Suisse, UBS, FXCM, HSBC, Deutsche Bank, and a multitude of other banks. Seems hands down, they're the place for Volume so far. Are there any other Volume providers you guys have come across that comes close to what they offer?
"Wishful thinking dies hard." Igor T.
  • #118
  • Jan 31, 2009 9:38pm Jan 31, 2009 9:38pm
Quoting FxChi
Really getting into Volume Analysis lately....
yes, CQG offers very good data. Never used it, but heard from other traders. here is the link http://www.cqg.com/Market-Data.aspx
  • #119
  • Feb 1, 2009 1:36am Feb 1, 2009 1:36am
Quoting FxChi
Really getting into Volume Analysis lately. Looks like E-Signal has the best Volume tick data. Check this out: http://kb.esignalcentral.com/display...earch&search=1

It lists all the contributors to their Volume Tick data. All I can say is DAMN!! Credit Suisse, UBS, FXCM, HSBC, Deutsche Bank, and a multitude of other banks. Seems hands down, they're the place for Volume so far. Are there any other Volume providers you guys have come across that comes close...

Can you make screen shot what I am looking for ith this link. I dont see nothing interesting...
The Market pays you to be disciplined
  • #120
  • Feb 1, 2009 2:15am Feb 1, 2009 2:15am
Quoting mima
Can you make screen shot what I am looking for ith this link. I dont see nothing interesting...
you should make some effort

got here: http://kb.esignalcentral.com/
search for "GTIS FOREX"
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