Dear Prof. TAH,
My first post here.
I have read the minimum required in here, and am very impressed with your results.
Congratulations !
What I noticed is that your PVSRA method seems very close to the very established
VSA (Volume Spread Analysis) method pioneered by John Wyckoff in 1888 and then
improved upon by Tom Williams in the 1970s as in his 1993 trading book.
Two reference links here:
http://www.forexfactory.com/showthread.php?t=157629 (Todd Krueger's article on FF:Shamus.)
http://www.traderslaboratory.com/for...is/index2.html (Summary v1&2 included.)
Theory questions:
1. How close can we get to actual contract (i.e. dollars traded) volume using MT4 tick volume?
2. Is the difference above a cause of not ascertaining when the MMs will act?
3. Could relative currency strength concepts (e.g., hanover's http://www.forexfactory.com/showthread.php?t=163158 etc.) play a part in MM intention or action determinations?
4. Do we need to keep manually scanning the 28 pairs and pick the most promising candidates, or is there some
automated tool available? As in #3 above, for instance? Of course there are a few major pairs one can always concentrate upon (e.g., EU, GU, UJ, AU.)
Regards,
Athar.
My first post here.
I have read the minimum required in here, and am very impressed with your results.
Congratulations !
What I noticed is that your PVSRA method seems very close to the very established
VSA (Volume Spread Analysis) method pioneered by John Wyckoff in 1888 and then
improved upon by Tom Williams in the 1970s as in his 1993 trading book.
Two reference links here:
http://www.forexfactory.com/showthread.php?t=157629 (Todd Krueger's article on FF:Shamus.)
http://www.traderslaboratory.com/for...is/index2.html (Summary v1&2 included.)
Theory questions:
1. How close can we get to actual contract (i.e. dollars traded) volume using MT4 tick volume?
2. Is the difference above a cause of not ascertaining when the MMs will act?
3. Could relative currency strength concepts (e.g., hanover's http://www.forexfactory.com/showthread.php?t=163158 etc.) play a part in MM intention or action determinations?
4. Do we need to keep manually scanning the 28 pairs and pick the most promising candidates, or is there some
automated tool available? As in #3 above, for instance? Of course there are a few major pairs one can always concentrate upon (e.g., EU, GU, UJ, AU.)
Regards,
Athar.