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Silent Service Method

  • #10,061
  • Jul 28, 2010 8:30am Jul 28, 2010 8:30am
Chris

You are right and wrong in your posting.

vsa is one of the most valid trading styles out there and if used correctly can be like reading a book.

Fx is not a centralized system , however feeds like ibfx come from the major banks and is fairly indicative of the market as a whole and esignal uses a 200 source gtis feed that is very accurate. time and time again I have called trades in my vsa thread based on valid vsa set ups.

volume in fx is tick volume , however the use of it is very valid. I am very comfortable with my sell on gu off 1.5610 for a move to lower channel and a 50 pip trade

Until you fully understand something do not knock it.

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Quoting clockwork71
Volume in the FOREX market is something you will never get. The simple reason is that it is more of a "confederation" of sorts and not a union. There are just too many brokers out there.

There is no central exchange. As such, there is no reliable metric for volume. At best, you are getting volume from YOUR broker. And that means nothing. Futures have real volume, but you aren't trading that market. As a side note, when I read articles about "Certain big players were seen buying the Euro at 1.30", I laugh. Seen by whom? The other guys in their...
Blogging daily now at www.volume.zone
  • #10,062
  • Jul 28, 2010 8:33am Jul 28, 2010 8:33am
here is an ibfx chart posted on gu 41 hrs and 200 pips ago

http://www.forexfactory.com/showpost...postcount=1665

Quoting malcolmb14
Chris

You are right and wrong in your posting.

vsa is one of the most valid trading styles out there and if used correctly can be like reading a book.

Fx is not a centralized system...
Blogging daily now at www.volume.zone
  • #10,063
  • Jul 28, 2010 8:41am Jul 28, 2010 8:41am
Quoting malcolmb14
Chris

You are right and wrong in your posting.

vsa is one of the most valid trading styles out there and if used correctly can be like reading a book.

Fx is not a centralized system...
The point is, it's not volume. There is no way to measure it. Unless you can crack the various barriers of secrecy into banks, hedgies, and more importantly, dark pools, anything calling itself volume is an approximation based upon the limited pool of capital it represents.

Also, since your orders are almost never reaching the actual interbank market, I suppose in theory it doesn't really matter in that sense, and only the broker in play's volume is important.

I fully understand how "volume" is calculated. This is why I don't use it.
  • #10,064
  • Jul 28, 2010 8:43am Jul 28, 2010 8:43am
Quoting dario1002
Just saw this thread... signin in to have a better look!

Cheers to all!!
Welcome Dario.....

If you need anything, let me know.
  • #10,065
  • Jul 28, 2010 8:43am Jul 28, 2010 8:43am
like everything does not work all the time. .. likely due to operator error and not waiting for valid confirmation of the weakness... stopped out -20 pip

Quoting malcolmb14
Chris

You are right and wrong in your posting.

vsa is one of the most valid trading styles out there and if used correctly can be like reading a book.

Fx is not a centralized system...
Blogging daily now at www.volume.zone
  • #10,066
  • Jul 28, 2010 8:45am Jul 28, 2010 8:45am
Quoting jicjoc
Audusd looks to be resuming its bull march. A hammer off .845 tomorrow would be sweet
Here's my chart....
I am thinking it might drift before it hits .88
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  • #10,067
  • Jul 28, 2010 8:49am Jul 28, 2010 8:49am
All sorted, major tiff, nothing more. Sorry to drama it a little. As you were chaps.
Position trader - Anything intraweek is just noise...
  • #10,068
  • Jul 28, 2010 8:54am Jul 28, 2010 8:54am
Quoting Arfer Daily
All sorted, major tiff, nothing more. Sorry to drama it a little. As you were chaps.

Good
  • #10,069
  • Jul 28, 2010 8:56am Jul 28, 2010 8:56am
Quoting clockwork71
The point is, it's not volume. There is no way to measure it. Unless you can crack the various barriers of secrecy into banks, hedgies, and more importantly, dark pools, anything calling itself volume is an approximation based upon the limited pool of capital it represents.

Also, since your orders are almost never reaching the actual interbank market, I suppose in theory it doesn't really matter in that sense, and only the broker in play's volume is important.

I fully understand how "volume" is calculated. This is why I don't use...


malcolmb14:

arfer:
  • #10,070
  • Jul 28, 2010 9:44am Jul 28, 2010 9:44am
Quoting tobias24


malcolmb14:

arfer:
Tobias24

Good news Arfur.

I agree with CW on volume and your point regarding orders rarely reaching the interbank market is valid so in some cases as long as you are comparing broker volume with the same broker's historical volume then at least it is relative somewhat however it is not true volume no matter what anyone says.

VSA works great with stocks and futures but not convinced on forex.
  • #10,071
  • Jul 28, 2010 9:45am Jul 28, 2010 9:45am
Quoting 4xAddict
Tobias24

Good news Arfur.

I agree with CW on volume and your point regarding orders rarely reaching the interbank market is valid so in some cases as long as you are comparing broker volume with the same broker's historical volume then at least it is relative somewhat however it is not true volume no matter what anyone says.

VSA works great with stocks and futures but not convinced on forex.

Agreed. However, let's remember that if it works for him, that's fine as well.

I would never begrudge anyone for using anything that helps them. I just don't find much use for it. Now if I were to trade currency futures......different story.
  • #10,072
  • Jul 28, 2010 9:50am Jul 28, 2010 9:50am
Quoting clockwork71
Agreed. However, let's remember that if it works for him, that's fine as well.

I would never begrudge anyone for using anything that helps them. I just don't find much use for it. Now if I were to trade currency futures......different story.
agreed, everyone is the captain of their own ship.
  • #10,073
  • Jul 28, 2010 12:15pm Jul 28, 2010 12:15pm
Quoting tobias24


malcolmb14:

arfer:
Well I got my sell so thumbs up for me. This post just goes to show some peoples true ignorance.

Go tell the guys over at tradeguider that run a 300 million hegde fund that vsa does not work on fx....I have spent many hours in the VSA club watching Gavin and the boys takel ive trades ( no I am not trying to pump their software ... just saying there are MANY ways to skin a cat in trading )

tick volume relative to candle can still tell you what is going on in the market.

Try coming over to my vsa thread and see some of the posts and calls I make BEFORE the trade happens , seems some belive in this system and it has changed the way they think about the market.

Enough said on the subject.
Blogging daily now at www.volume.zone
  • #10,074
  • Jul 28, 2010 1:00pm Jul 28, 2010 1:00pm
Quoting malcolmb14
Well I got my sell so thumbs up for me. This post just goes to show some peoples true ignorance.

Go tell the guys over at tradeguider that run a 300 million hegde fund that vsa does not work on fx....I have spent many hours in the VSA club watching Gavin and the boys takel ive trades ( no I am not trying to pump their software ... just saying there are MANY ways to skin a cat in trading )

tick volume relative to candle can still tell you what is going on in the market.

Try coming over to my vsa thread and see some of the posts and calls...
I guess I am confused at to your motives, unless it's to say nothing here works. If that's the case, then say it. I don't care what indicator you use, and I am pretty sure nobody else here does as well.

If you are here to plug your thread, well you just did.

The point is this: Don't insult the people here. There are traders of varying degrees of experience, and someone asked a very, very, very common question. I gave him the answer: Volume doesn't exist. Period.

Unless of course you are aware of a central exchange the rest of us missed.

Currently, Google has traded 1.357 million shares. How many Euros have been traded vs. the Dollar?

This is the essential question. And that's why I find no use for it. I am sure it works for you, great. And I am sure your thread is great too. But insulting the others here is out of order.

And you are correct, enough said on the subject. Take care.
  • #10,075
  • Jul 28, 2010 1:06pm Jul 28, 2010 1:06pm
Watch this gold chart. Friday's close will be key. If we close below the trend line here on the weekly - it's lights out in Sydney for a while.

I am very interested in gold, and while I believe it's still a buy somewhere - it won't be for a while in my opinion. I have been waiting for what seems like forever to buy this - and it looks like I could finally get my entry someday! lol
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  • #10,076
  • Jul 28, 2010 2:19pm Jul 28, 2010 2:19pm
Quoting malcolmb14
Well I got my sell so thumbs up for me. This post just goes to show some peoples true ignorance.

Go tell the guys over at tradeguider that run a 300 million hegde fund that vsa does not work on fx....I have spent many hours in the VSA club watching Gavin and the boys takel ive trades ( no I am not trying to pump their software ... just saying there are MANY ways to skin a cat in trading )

tick volume relative to candle can still tell you what is going on in the market.

Try coming over to my vsa thread and see some of the posts and calls...
thats exactly why i dont like forums.

yes, i am ignoring your thread and your method, cause: i dont care, AND i dont care what some hedgi wedgi funds use.. i stick to what works for me, and i dont use any indicator, just candles and lines.
it works for you? good. it works for others? even better, but its disgusting if you want to tell me how to trade. we all know there are many ways to trade the market, so whats the point?

i dont give a sh** about VSA, your CALLS nor about your thread. period.
the thumbs down was for your posts in this thread, its just about how you wrote your posts.
yea, enough said, no need for you to post here again.
  • #10,077
  • Jul 28, 2010 2:28pm Jul 28, 2010 2:28pm
Quoting clockwork71
Watch this gold chart. Friday's close will be key. If we close below the trend line here on the weekly - it's lights out in Sydney for a while.

I am very interested in gold, and while I believe it's still a buy somewhere - it won't be for a while in my opinion. I have been waiting for what seems like forever to buy this - and it looks like I could finally get my entry someday! lol
i read a very interessting article about the "gold bubble", somehow i cant find it anymore :/

however i dont think gold will colapse anytime soon, so i think its giving excelent buy entrys for now. however we have to wait for weekly close, nobody really knows where the ground is for now. 1160 was a resistance a few times in the past, so we are at an important area, and we touched 200MA on the daily.
  • #10,078
  • Jul 28, 2010 2:28pm Jul 28, 2010 2:28pm
Hey Infinity....you're pretty good with the nuts-and-bolts stuff, I'd love it if you check out my new thread, any input would be appreciated.

http://www.forexfactory.com/showthread.php?t=247772

Anybody else with an opinion is welcome too.
  • #10,079
  • Jul 28, 2010 3:29pm Jul 28, 2010 3:29pm
Quoting tobias24
i read a very interessting article about the "gold bubble", somehow i cant find it anymore :/

however i dont think gold will colapse anytime soon, so i think its giving excelent buy entrys for now. however we have to wait for weekly close, nobody really knows where the ground is for now. 1160 was a resistance a few times in the past, so we are at an important area, and we touched 200MA on the daily.
Yes, I am not looking to sell gold. I am looking to sell the AUD. I am looking to buy gold, and Lord please let it be near $1000. I would LOVE to see a chance there, and this chart (above) shows I might get it.
  • #10,080
  • Jul 28, 2010 3:29pm Jul 28, 2010 3:29pm
Quoting Low
Hey Infinity....you're pretty good with the nuts-and-bolts stuff, I'd love it if you check out my new thread, any input would be appreciated.

http://www.forexfactory.com/showthread.php?t=247772

Anybody else with an opinion is welcome too.
Took a peak. Way above my head. lol
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