Does anybody suggest any Volume Spread Analysis Indicators?

I know everone keeps saying that the volume a broker gives is tick volume and is not that reliable. However the same broker gives the price for a pair so are we saying that that number is unreliable to.

I know there is no central trading place for 4x , basically everone big and small are trading on an open exchange over wirers and servers thru witch the brokers get and send out info.

So my main question would be if my broker is getting a price for a pair of currencies, would they not be getting some kind of volume read from the open network at the same time.

the whole question is a non - problem, as your broker represents a PORTION of the WHOLE forex pie. That broker, no matter what percentage of the pie they control, has volume REPRESENTATIVE of the whole pie in the same proportion as everyone else.

your broker volume is as reliable a measure of TOTAL volume as there is, just that its only a percentage of it.

anything you could do with having the absolute TOTAL volume, you can do with the brokers volume, assuming you deal with a well established broker with a decent clientele !

Additionally, rember that if youre trading through a broker, WHOSE figures would you want to use anyway ? You wouldnt want to use ANOTHER brokers info or prices to set trades with yours, would you ?

on a slightly different note, volume spread analysis has some basic truths behind it and is therefore a viable method of trading the markets, BUT it cannot really show you support and resistance points well, only true information being when the price penetrates the channels, and that cannot handle the multitude of smaller moves that lead UP to that FINAL move.

we teach support and resistance trading along with trading with the TREND, and it now has newbs making money where only losses existed before because its immediately apparent where to SET your tp points which then allows you to simply WALK AWAY from the computer, knowing your tp point will be hit --- you have to WATCH volume all day to understand when to enter and when to exit, which WE dont care for all that much.

if you want to wander over, its the fastest growing thread in the rookie section, weve got TWO threads so all questions get answered, and we constantly prove that 350 pips a day is pretty danged simple to accumulate !

enjoy and trade well

mp

"if you want to wander over, its the fastest growing thread in the rookie section, weve got TWO threads so all questions get answered, and we constantly prove that 350 pips a day is pretty danged simple to accumulate "

Wander over where?

Also, at 350 a day you would be a millionaire in a matter of months.

look in the rookie section for anything that says "350 pips daily"

no, not a matter of months --- a bit more than that !

heck, even rookies are pulling in 200 at this point

mp

crabby 350 pips a day does'nt mean you'll be a millionaire in a matter of months.There are several other things to consider ... expectancy, risk, position sizing.

aw cmon fugly --- and i was SO hoping !

mp

eyes

The tick volume is different for different broker. I am not totally clear how brokers get that data to be represented on the volume window. I have been trading using VSA only for the last few months and my conclusion is that though the volume is not a complete true representation of transacted volume, yet it will not be a false representation of the volume. Hence it is still usable for my analysis.

This is a very good question Rabid...I have always wonder how the volume is collated seeing that there is no central exchange.
Can the volume be used to confirm anything in Forex?