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  • #3,061
  • Aug 25, 2009 5:41pm Aug 25, 2009 5:41pm
Quoting supremeChaos
adriann,
dont laugh at something u are ignorant about.
FF Rule #1 RESPECT THY FELLOW TRADER
Exactly.

Contrary to certain beliefs floating around ff atm, trading is about identifying patterns and exploiting them.

If you need a chart full of stuff to see your patterns, so be it, we are all different. There are no right and wrong ways. It's only wrong when you're losing money.

Kudos to you if you can actually identify a pattern and exploit it. Many cannot, take the easy way out and blame it on "randomness".

Trading is about psychology (fear and greed) that VSA is so great at reading. Science has no idea about the human mind (it's all assumptions), you learn that in Psych 101. If we can't yet fully explain the workings of the mind, how on earth can we work out the cause and effect of human emotions. Talk about jumping straight into the deep end without learning how to swim first!

What works for me, may not work for you. What works for you may not work for me. Trading is exactly that. Find what works for you.
  • #3,062
  • Aug 25, 2009 6:06pm Aug 25, 2009 6:06pm
Dear Anyone,

I am learning chart reading. I read that at the moment this market is weak but it is drifting side ways due to temporary strength. We see what will come in Asia, but could anyone tell me if I read it right for now?

thx
Attached Image
Kind Regards zol
  • #3,063
  • Aug 25, 2009 6:51pm Aug 25, 2009 6:51pm
Quoting Ferrari
I use fxpro metatrader, haven't had any issues with it or their volume.

Maybe we can all take our Iman to Ihsan?
VSA is a combination of the analysis of the volume and the bar. Fxpro/Alpari/InstaTrader and most of the Asian brokers of MT4 are "wacked" and I mean it. Watch the bars, they have made me enter trades I shouldn't untill I opened my eyes. Wonder why no one has deard to mention it all along......... Cheers
  • #3,064
  • Aug 25, 2009 8:03pm Aug 25, 2009 8:03pm
Quoting chalk54
VSA is a combination of the analysis of the volume and the bar. Fxpro/Alpari/InstaTrader and most of the Asian brokers of MT4 are "wacked" and I mean it. Watch the bars, they have made me enter trades I shouldn't untill I opened my eyes. Wonder why no one has deard to mention it all along......... Cheers
IMHO, you want a feed that has the least amount of conflict of interest. Esignal is one of those feeds. They are not a broker. Their job is to report price on your screen.

An ECN feed is the only way to go. Bucket shops filter the feed from the interbank market into their own system. They can easily hide ticks and simulate ticks. The last thing you want when entering on a 5m no demand/supply bar.

FXCM has a good feed. I see minor differences to esignal.

I have also found Dukascopy to be a very good feed. It's not an mt4 broker though.

That said, you can still learn on a bucket shop feed. If you are playing seriously, use a completely independent source. You won't regret it.
  • #3,065
  • Aug 25, 2009 8:47pm Aug 25, 2009 8:47pm
Quoting TwoBuckChuck
IMHO, you want a feed that has the least amount of conflict of interest. Esignal is one of those feeds. They are not a broker. Their job is to report price on your screen.

An ECN feed is the only way to go. Bucket shops filter the feed from the interbank market into their own system. They can easily hide ticks and simulate ticks. The last thing you want when entering on a 5m no demand/supply bar.

FXCM has a good feed. I see minor differences to esignal.

I have also found Dukascopy to be a very good feed. It's not an mt4 broker though.

That...
Hello my friend TwoBuckChuck.

Great post. Yep, Duskacopy feed is really a good one very much comparable to esignal and so near it that in fact that i have cancelled all subscription with esignal (way too expensive for what it is) and i am using sierra charts with duskacopy forex feed free for 26$ a month for the charting platform including the feed of duskacopy which is called Atlas forex in sierra chart.

I dont trust any of the mt4 broker feed as they only report their own in-house volume feed. In comparison, eventhough duskacopy is a broker too and not a composite feed like esignal, it is one of the biggest and largest broker in the world and their client only trade very big size as they are either very rich individuals or institutionnal clients.

Include the sierra chart with duskacopy forex feed along with ichimoku trading and VSA together and you get a win-win strategy with a great realiable feed

Hope it help

Shreem
  • #3,066
  • Aug 26, 2009 12:27am Aug 26, 2009 12:27am
Hi ,

I'm comparing four bokers.FXCM FXPro IBFX AlpariUK. Have a look at the snapshots. Would anyone care to put an ESignal chart so that we could compare that too?

AlpariUK
Attached Image (click to enlarge)
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IBFX
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Click to Enlarge Name: ibfx.gif Size: 22 KB


FXPro
Attached Image (click to enlarge)
Click to Enlarge Name: fxpro.gif Size: 22 KB


FXCM
Attached Image (click to enlarge)
Click to Enlarge Name: fxcm.gif Size: 21 KB


Have a look at the volume on IBFX on the left side of the chart. I wonder why there is not much volume compare to others.
AlpariUK seems too soft.
So I guess FXPro and FXCM remain in the competition.
  • #3,067
  • Aug 26, 2009 12:42am Aug 26, 2009 12:42am
Quoting TwoBuckChuck
IMHO, you want a feed that has the least amount of conflict of interest. Esignal is one of those feeds. They are not a broker. Their job is to report price on your screen.

An ECN feed is the only way to go. Bucket shops filter the feed from the interbank market into their own system. They can easily hide ticks and simulate ticks. The last thing you want when entering on a 5m no demand/supply bar.

FXCM has a good feed. I see minor differences to esignal.

I have also found Dukascopy to be a very good feed. It's not an mt4 broker though.

That...
Hi,

I can't afford the ESignal (Or any other) data feed, yet. Until I become consistent I would like to use a free data feed.
How does ESignal collect there data? Do they have access to lots of broker's data? If so why can't we do the same?
  • #3,068
  • Aug 26, 2009 12:49am Aug 26, 2009 12:49am
Eiman,
are all those live (not demo)?
this has been discussed here before. check back on previous posts. i believe malcolmb14 compared MT4's with his eSignal & he said IBFX was the most identical with eSig.
so i think u can try IBFX, FXCM, & FXPro & it wont hurt for u to check them all.

Quote
Do they have access to lots of broker's data? If so why can't we do the same?
many traders do that. check 2-5 (or more) live &/or demo MT4 charts.
same here, i can't afford the ESignal.
  • #3,069
  • Aug 26, 2009 1:01am Aug 26, 2009 1:01am
Quoting supremeChaos
Eiman,
are all those live (not demo)?
this has been discussed here before. check back on previous posts. i believe malcolmb14 compared MT4's with his eSignal & he said IBFX was the most identical with eSig.
so i think u can try IBFX, FXCM, & FXPro & it wont hurt for u to check them all.

many traders do that. check 2-5 (or more) live &/or demo MT4 charts.
same here, i can't afford the ESignal.
Hi SupremeChaos,

Do Live and Demo accounts differ in data feed?
Yeah, I think he discussed about this on the few first pages of this thread. But please have a look at the IBFX chart which I posted. The volume on Last Friday is very low comparing to other brokers. And also we had very good volatility that day.

Cheers,
Eiman
  • #3,070
  • Aug 26, 2009 2:11am Aug 26, 2009 2:11am
If the pip monster Shamus is using Fxpro then thats good enough for me.
  • #3,071
  • Aug 26, 2009 3:10am Aug 26, 2009 3:10am
IBFX
Attached Image (click to enlarge)
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FXCM
Attached Image (click to enlarge)
Click to Enlarge Name: fxcm.gif Size: 22 KB


FXPro
Attached Image (click to enlarge)
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I guess FXPro is out too! Have a look at the recent volumes...
  • #3,072
  • Aug 26, 2009 3:55am Aug 26, 2009 3:55am
Quoting Eiman
IBFX
Attachment

FXCM
Attachment

FXPro
Attachment

I guess FXPro is out too! Have a look at the recent volumes...
A few months ago I was running FXPro & found that my prices were very different to those on ESignal. I changed to Alpari as their prices were closer to ES. Cant comment on vol because I wasnt really using it then.
  • #3,073
  • Aug 26, 2009 4:07am Aug 26, 2009 4:07am
Quoting Barry Cade
A few months ago I was running FXPro & found that my prices were very different to those on ESignal. I changed to Alpari as their prices were closer to ES. Cant comment on vol because I wasnt really using it then.
Hi Barry,

I haven't looked at the price that good yet, but surley their volumes pretty much different.

Cheers,
  • #3,074
  • Aug 26, 2009 4:16am Aug 26, 2009 4:16am
Quoting Eiman
IBFX
Attachment

FXCM
Attachment

FXPro
Attachment

I guess FXPro is out too! Have a look at the recent volumes...
Eiman did you try IBfx's 4 digit server instead? Perhaps their 6 digit quotes are still getting volume problems.

Below is an attachment of their 4 digit quote EU m5 chart (one's live & the other is demo account respectively) seems to look a little different. But without an eSignal chart it's hard to tell which one is closer to it. Though when IBfx is not having volume troubles, Mal has previously stated various times that IBfx looked somewhat the closest to eSignal for an MT4 broker. But maybe that has changed...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu m5 live [08-26-2009].gif Size: 31 KB
Click to Enlarge Name: eu m5 demo [08-26-2009].gif Size: 29 KB
  • #3,075
  • Aug 26, 2009 4:35am Aug 26, 2009 4:35am
Quoting Eiman
..Do Live and Demo accounts differ in data feed?
...
yes i believe there's a difference.
i only have demo MT4's so i cant compare it with live.
once i have a live MT4 account, i'll try & update here.
  • #3,076
  • Aug 26, 2009 5:09am Aug 26, 2009 5:09am
Quoting Aad
[b][color=DimGray]Eiman did you try IBfx's 4 digit server instead? Perhaps their 6 digit quotes are still getting volume problems.

Below is an attachment of their 4 digit quote EU m5 chart (one's live & the other is demo account respectively) seems to look a little different. But without an eSignal chart it's hard to tell which one is closer to it. Though when IBfx is not having volume troubles, Mal has previously stated various times...
Hi Aad,
Thanks for the charts.
It seems like you're right. The 4 digit seems to have better volume that 6 digit. Although the live and demo have different values but at least they look the same.
  • #3,077
  • Aug 26, 2009 5:10am Aug 26, 2009 5:10am
Quoting supremeChaos
yes i believe there's a difference.
i only have demo MT4's so i cant compare it with live.
once i have a live MT4 account, i'll try & update here.
Cheers
  • #3,078
  • Edited 1:27pm Aug 26, 2009 1:12pm | Edited 1:27pm
I'm whit FxPro, here's the live and demo volume on 15 and 1 min TF.
We can see some minor difference, those feed are "suppose" to be the same.

Maby its the indic that did not start the counting bar at the same level, who know's. In general, the info is the same.
(1min vol is not perfecly in line, and don't consider last bar- delay 1 min between pics)

-------------------
I'm using VSA last 2 days in addition whit my tech, harmonic and ZLine/bucket trading, and I can tell you guys that i'm up at least 10% more then usual.
It give me some confidence by looking at each and any bar, i really like it!
Attached Image (click to enlarge)
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  • #3,079
  • Aug 26, 2009 2:14pm Aug 26, 2009 2:14pm
Quoting shreem
Hello my friend TwoBuckChuck.

Great post. Yep, Duskacopy feed is really a good one very much comparable to esignal and so near it that in fact that i have cancelled all subscription with esignal (way too expensive for what it is) and i am using sierra charts with duskacopy forex feed free for 26$ a month for the charting platform including the feed of duskacopy which is called Atlas forex in sierra chart.

I dont trust any of the mt4 broker feed as they only report their own in-house volume feed. In comparison, eventhough duskacopy is a broker...
That's very interesting, Mr Shreem. I presume this also means you have dropped Investor R/T as a charting platform?

I'd be interested in seeing some chart comparisons between dukascopy and esignal. If anyone has both, please post.
  • #3,080
  • Aug 26, 2009 6:45pm Aug 26, 2009 6:45pm
Quoting daffy
That's very interesting, Mr Shreem. I presume this also means you have dropped Investor R/T as a charting platform?

I'd be interested in seeing some chart comparisons between dukascopy and esignal. If anyone has both, please post.
Hello Daffy. Thanks for the post. Yep, i am dropping investor r/t with esignal GTIS forex data feed at end of month as i am now using sierra chart with dukascopy forex feed.

Here are 2 pics, one with esignal feed through investor r/t chart of gbpjpy 5min (first pic) and one with sierra chart and dukascopy feed gbpjpy 5min also (second pic under first one)

Hope it help

Shreem
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPJPY A0-FX 5MIN.png Size: 49 KB
Click to Enlarge Name: GBPJPY DUKASCOPY VOLUME 5MIN.jpg Size: 112 KB
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