Was a bit hard to get the VTTrader Volume Scale evenly stretched out so
you can compare it directly with MT4. If you lose focus just count them back
on each histogram.
But yeah you got me. I made those bars a little longer because I have nothing else to do ...
Oh no problem. Just look for Jackos Forex House of Pleasure and Pain (over 1 Million Viewers can't be wrong) and James16 Chart Thread. Ask people here about their reputation.
You'll be amazed.
Don't get me wrong I have nothing against VSA...on stocks. Because thats where...
Learn to Trade using VSA (Volume Spread Analysis)
- #404
- Mar 2, 2009 4:27pm Mar 2, 2009 4:27pm
- Joined Jan 2008 | Status: Inertial Member | 2,297 Posts
Well if you believe in another method then setup a forum to discuss your method! Don't try to go into a room and try to downplay the validity of one method in order to try to get members! Thats not a real good strategy to do my friend. I started this thread b/c I researched an studied VSA, and I go people interested b/c I helped others understand and when you have information thats valuable other people will gravitate to you...so you need to take a class in how to improve your social skills..
If tick volume is available as a measure to determine volume then thats what you use. We all know that we don't have an exact number on volume from forex, thats a known fact, but brokers provide a reliable feed based on data they recieve and pass onto us..Your in a sense trying to say tick volume isn't volume
And btw now you even begin to quote me and try to explain what tick volume is. Read my post.
http://www.forexfactory.com/showpost...&postcount=379
Why are you so upset? Because I posted the evidence that MT4 Volume does not offer a reliable source of information to base trading decisions on?
And btw now you even begin to quote me and try to explain what tick volume is. Read my post.
http://www.forexfactory.com/showpost...&postcount=379
- #408
- Mar 2, 2009 4:55pm Mar 2, 2009 4:55pm
- | Commercial User | Joined Jan 2009 | 1,815 Posts
The trend always ends.
- #415
- Mar 3, 2009 2:07am Mar 3, 2009 2:07am
- Joined Jan 2008 | Status: Inertial Member | 2,297 Posts
As my number of posts point out, I am new to forex, but just a thought/observation...so what if there is no central point for total volume? the reason I write that is this (from what I understand so far):
a) brokers can't be too far off the beaten path other wise they could get caught short from the big banks...so volume may not be exact, but I have a hard time beliving that the broker is going deviate from the general market.
b) brokers use different banks (average the highs/lows ect...and get the general market as close as posiable), I am...
It is their right to know that MT4 Volume is not reliable.
So you say broker should be large. That disqualifies every MT4 Broker...
So we agree on that one.
Also I would not judge a strategy based on the outcome. If you toss a gain use a 3 pip TP and 400 pip SL and use a small position you will win. Does that say tossing a coin is a real trading strategy?
My only concern is that new traders might risk real money on this.
It is their right to know that MT4 Volume is not reliable.
So you say broker should be large. That disqualifies every MT4 Broker...
So we agree on that one.
Also I would not judge a strategy based on the outcome. If you toss a gain use a 3 pip TP and 400 pip SL and use a small position you will win. Does that say tossing a coin is a real trading strategy?
- #418
- Mar 3, 2009 2:34am Mar 3, 2009 2:34am
- Joined Sep 2006 | Status: Collector | 9,833 Posts
Hi Tjpld,
Mate,
with all my respect to you, but if you dont believe in FX volume type of trading, why you are wasting your expencive trading time visiting this thread.
Im not here to convince you in something which you cant accept or recognize, and Im not here to waste my time or this thread space to disscuss something which you are closing an eyes from.
The VSA concept is very CLEAR: made of 3 components:
Mate,
with all my respect to you, but if you dont believe in FX volume type of trading, why you are wasting your expencive trading time visiting this thread.
Im not here to convince you in something which you cant accept or recognize, and Im not here to waste my time or this thread space to disscuss something which you are closing an eyes from.
The VSA concept is very CLEAR: made of 3 components:
- candle pattern
- candle spead
- RELATIVE VOLUME [read RELATIVE, not Apsolute],
the relative [relative to other bars] volume is only ONE of the components in VSA, !!!!!
I would realy reccomend to read TOM's book, not once, not twice but few times, b/c it is giving you some very important views on market behaviour.
Avice to you: if you dont like any of the VSA concepts posted here, you can discuss few times, but in a name of good manners, you should stop here, and open your thread, and waste some of your time, and help to all new noobs and new traders, post a thousands of charts, and exchange your time, energy and knowleade... to be short... leave them Alone, mate, Do some trading.. use your time for Pips...
Advice to Nyse1982: mate what ever you do, just keep doing it, market, and PPL will judge you for your posts. Aslo if anyone starts bothering you, simply put him on ignore list, and that person cannot post on any of your threads.
Advice to ForexFlash: good job ,mate, I appreciate your time, energy, freelence, to code and trying to make trading better.
To all: VSA works, I m using as a trigger, together with my existing system, but that is my style, I do have eSIgnal, Gain, DBfx, a few MT4 feeds to my charting programs, and in practical way they are all the same, enough to read charts with VSA concepts. I do have few Traders here [friends], they all are using VSA or some similar concept of volume-type chart reading. research litlle bit more, there are seminars,, books, smart PPL exchange experiances....
Cheers!! ..
appologise on my advanced Oxford English ....
