DislikedI've been learning/practicing VSA since December '08 and improving my skills....Ignored
Now we all know forex is not regulated and is not your typical market per se. So volume does vary from broker to broker. However, as already discussed earlier in the thread, there are brokers that offer representative/scalar volume/tick feeds. This is simply because movements (price and volume) in the market is followed and echoed similarly on most market-maker(MM) feeds. Most being they key. Definitely not all - so know your broker. Real forex dark pools come in flavours of ECNs. These are crossing systems that match sellers with buyers without the need to go publicizing such fact. Your trading activities are disguised behind your provider's name, and large volumes are usually broken into smaller fragments to avoid too much attention. However, volume still adds up so it plays a vital role from a cumulative perspective. Furthermore, ECN feeds pool best bid/ask data from the liquidest of sources, all within 100ms, so it plays a very representative role in painting a true picture.
So ideally you want to have an ECN volume feed, and ideally you want to trade 5m time frames or higher (due to fragmenting and cumulating I mentioned above), but you definitely want to trade on volume. As outlined here numerous times, and in MTM, volume/VSA truly idenitfies the fx pressure points.
-Marco
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