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  • #1
  • First Post: Edited Feb 10, 2012 1:26am Feb 8, 2012 8:06pm | Edited Feb 10, 2012 1:26am
Here is an indicator which should improve your current trading decisions ....VOLUME

Have u ever wished there was a data feed which gave u the real volume being traded in the Forex markets just like the centralized stock markets...

The volume indicator offered by several brokers is just pure rubbish since they are almost invisible in the forex market.

I have been fortunate enough to meet with some real professionals from big hedge funds involved in automated trading. Interacting with these guys was both a humbling and an incredible learning experience....

I learnt that there are some data feeds costing humongous amounts of money (50000 $ and upwards) which combine the volume being traded at several major banks and approximately converts an uncentralized markets into a centralized one...

but here is the trick....there is another data feed which is available free of cost and has an incredible correlation with the above mentioned data feed...

you might wonder why then professionals pay 50,000 $...well i ll leave it for u to figure that out....

a lot of people might already know what i m talking about...but if someone does not they can use this indicator to make their trading decisions better..

any guesses??? i ll eventually post it...just curious how many people are familiar with this


Forex FUTURES VOLUME HAS A CORRELATION OF MORE THAN 99% WITH THE REAL VOLUME OF A CURRENCY PAIR

its surprising how many people do not realize this...
Honestly, just using this volume can improve a lot of strategies..

for live trading u can go to CME website and get the volume(FREE)

For automated system testing, google data IQ Feed....and u can have a free 14 day trial account....in those 14 days u can download tick by data for the last 120 days and minute candle data for 5 years for FREE

P.S---I m not trying to sell anything here...just trying to help....... good luck
  • #2
  • Feb 8, 2012 8:14pm Feb 8, 2012 8:14pm
Commercial forum is down the corridor on the right.
Don't get mad, get even!
  • #3
  • Feb 8, 2012 8:22pm Feb 8, 2012 8:22pm
Quoting stulic
Commercial forum is down the corridor on the right.
cool
  • #4
  • Feb 8, 2012 8:35pm Feb 8, 2012 8:35pm
My guess is futures
  • #5
  • Feb 9, 2012 12:11am Feb 9, 2012 12:11am
Quoting Sanquir
Here is an indicator which should improve your current trading decisions ....VOLUME

Have u ever wished there was a data feed which gave u the real volume being traded in the Forex markets just like the centralized stock markets...

The volume indicator offered by several brokers is just pure rubbish since they are almost invisible in the forex market.

I have been fortunate enough to meet with some real professionals from big hedge funds involved in automated trading. Interacting with these guys was both a humbling and an incredible learning experience....

I...
If you wanna sell something, then close down this thread and open it in the commercial section.
  • #6
  • Feb 9, 2012 2:33am Feb 9, 2012 2:33am
R U talking about COT??
  • #7
  • Feb 9, 2012 3:06am Feb 9, 2012 3:06am
Quoting stulic
Commercial forum is down the corridor on the right.
  • #8
  • Feb 9, 2012 3:24am Feb 9, 2012 3:24am
Quoting CindyXXXX
For just $19.99 per month (that's just the price of a cup of coffee per day). We will do the impossible and show you the holy grail that only the big dawgs know about. And now you know about... and that other guy
I'm in! Where do I sign up
  • #9
  • Feb 9, 2012 9:41am Feb 9, 2012 9:41am
Quoting Sanquir
Here is an indicator which should improve your current trading decisions ....VOLUME

Have u ever wished there was a data feed which gave u the real volume being traded in the Forex markets just like the centralized stock markets...

The volume indicator offered by several brokers is just pure rubbish since they are almost invisible in the forex market.

I have been fortunate enough to meet with some real professionals from big hedge funds involved in automated trading. Interacting with these guys was both a humbling and an incredible learning...
VWAP?
  • #10
  • Feb 9, 2012 12:24pm Feb 9, 2012 12:24pm
esignal? lol I'm sure esignal has the best reviews out there for offering true volume based on central banks.. hedge funds.. etc.

But that's not free
  • #11
  • Feb 9, 2012 12:50pm Feb 9, 2012 12:50pm
Quoting havaiana
My guess is futures
^
  • #12
  • Feb 9, 2012 1:16pm Feb 9, 2012 1:16pm
Quoting havaiana
My guess is futures
How can futures work as volume indicator??
  • #13
  • Feb 9, 2012 1:40pm Feb 9, 2012 1:40pm
Quoting lpt
How can futures work as volume indicator??
Because the futures market is centralized, accurate volume data is available. They were saying you could look at /6e to trade the euro in the spot market.

A lot of people are turned off of VSA for forex because of the idea that the data isn't from a centralized exchange, and that's ok with me.

What they're missing is the fact that you don't need perfectly accurate data to use volume to your advantage. You only need to see if volume is extraordinarily high or low, and you can do that with even shitty data.

But hey if people are dead-set in their "beliefs" then let them be so.

I have to agree with the previous comments that the OP seems like he should be in the commercial section.

OP, please be straight forward with our community. Otherwise, as Stulic said " Commercial forum is down the corridor on the right." We'd love to learn new things so please be a cool dude and just share like everyone else

Edit

Another reason people are turned off of volume analysis is because TradeGuider, a company strongly associated with volume trading, has a very salesman-like approach and is very difficult to put up with long enough to extract info from them.
  • #14
  • Edited 1:25am Feb 10, 2012 1:04am | Edited 1:25am
Got ur point regarding being open...was trying to have some fun....will keep in mind for future...

Here is the deal your are right.....Forex FUTURES VOLUME HAS A CORRELATION OF MORE THAN 99% WITH THE REAL VOLUME OF A CURRENCY PAIR

its surprising how many people do not realize this...
 Honestly, just using this volume can improve a lot of strategies..

for live trading u can go to CME website and get the volume(FREE)

For automated system testing, google data IQ Feed....and u can have a free 14 day trial account....in those 14 days u can download tick by data for the last 120 days and minute candle data for 5 years for FREE

P.S---I m not trying to sell anything here...just trying to help....... good luck
  • #15
  • Feb 11, 2012 4:22am Feb 11, 2012 4:22am
Quoting Sanquir
Got ur point regarding being open...was trying to have some fun....will keep in mind for future...

Here is the deal your are right.....Forex FUTURES VOLUME HAS A CORRELATION OF MORE THAN 99% WITH THE REAL VOLUME OF A CURRENCY PAIR

its surprising how many people do not realize this...
 Honestly, just using this volume can improve a lot of strategies..

for live trading u can go to CME website and get the volume(FREE)

For automated system testing, google data IQ Feed....and u can have a free 14 day trial account....in those...
Hey there Sanquir

Ok firstly from what i know that the volume indicators that we put up on our platform are incorrect about volume. They not even close as to what they indicate so i dont use those volume indicators.

Now you start a thread and say that "Forex Futures has MORE THAN 99% correlation with the real volume of a currency pair." And that we can get all this info on the CME website for free.
If what you state is true then i would say this is valuable information.
I would like to check it out and test this out for myself as i am not a guy to take such info at face value.
Would you be so kind to show me where in the CME website should i look for this info?
I am lost when i go to that website. What exactly are we looking at here?
Show me a screen shot of what am i suppose to look for or look at.

so why dont the professionals use this info for free rather then paying so many thousands of dollars?
X-man the legendary conqueror of markets
  • #16
  • Feb 11, 2012 6:02am Feb 11, 2012 6:02am
Quoting X-Man
[color=Black][size=1][size=2]Hey there Sanquir

Ok firstly from what i know that the volume indicators that we put up on our platform are incorrect about volume. They not even close as to what they indicate so i dont use those volume indicators.

Now you start a thread and say that "Forex Futures has MORE THAN 99% correlation with the real volume of a currency pair." And that we can get all this info on the CME website for free.
If what you state is true then i would say this is valuable information.
I would like to check it out and test this...
I second this
  • #17
  • Feb 11, 2012 6:13am Feb 11, 2012 6:13am
I used to use volume years ago when i was day trading stocks,
then along came HFT's so i'm sorry to say that with these things and their
average trade holding time of 6 seconds volume reading is little
more than luck,as i understand it HFT's are used in FX as well
so i don't think it has any use what so ever,but good luck if it
works for you.
You can remain irrational longer than you can remain solvent.
  • #18
  • Feb 11, 2012 12:12pm Feb 11, 2012 12:12pm
for CME

http://www.cmegroup.com/trading/fx/g...es_globex.html


u can use CME for live trading...i m not sure whether they will let u download the data for back testing.

for back testing like i mentioned go for the free trial of data iq feed...
  • #19
  • Feb 11, 2012 12:22pm Feb 11, 2012 12:22pm
With regards to trading derivatives offered via an Exchange one has the advantage of being able to receive actual traded volume information, whereas, on any OTC offered venue it will only be the Bid/Ask volume without trade volume.

In theory it would only be interesting to know how much liquidity (namely talking of the TOB Bid/Offers) gotten consumed/traded in relation to the total liquidity on offer during a set period of time.

That's the theoretical part of matters, practical wise, I would perhaps suggest to get down to real business; enter a stop-buy/sell Limit order, see if you'll get a fill or not - this hands on practice will tell you much more with regards to the actual current market condition in play. (next step would then be to buy/sell more contracts/lot sizes into the pullback using Limit orders again, or, to rather square this open (test)-position. - Welcome to the world of HFT (sort of).
  • #20
  • Feb 11, 2012 12:32pm Feb 11, 2012 12:32pm
Quoting Trader613
With regards to trading derivatives offered via an Exchange one has the advantage of being able to receive actual traded volume information, whereas, on any OTC offered venue it will only be the Bid/Ask volume without trade volume.

In theory it would only be interesting to know how much liquidity (namely talking of the TOB Bid/Offers) gotten consumed/traded in relation to the total liquidity on offer during a set period of time.

That's the theoretical part of matters, practical wise, I would perhaps suggest to get down to real business;...

you have answered why HFT still pay 50000$ for the feed that they get....
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