Does 'volume' of MT4 show the tick volume of the market?

Tick Data has everything to do with Auction Market Theory.......... Its premise is the ability to trade auction markets in the absence of real volume data. Floor traders didn't have access to volume until end of day. Thats how the theory & practice evolved.........

Tick volume in action

(The price is suddenly "agitated" at a turning point)

Price churning; same way butter is made (:

No worry at all !

I did well understood your point. I was also answering the question in the 1st post ...

There is no such thing as price bar data in AMT. Saying tick data doesn't have anything to do with AMT its complete nonsense, the profile graphic used to interpret the Auction market process is comprised of nothing but Tick data......I'm afraid you're misinformed

MzVega you have certainly answered and explained the truth about this matter

but the thing about FX is that it creates a lot of people like in FF who wear the hotshot

superego on they sleeve and swear that they know it all about everything and they have

so much vast knowledge and intuition on all topics related to Fx already including justifying

convincingly almost brilliantly their fluctuating mediocrity so much so in fact that they need

not to hear anything new because once again they already heard and know about it and usually

it's through the grapevine like hear say or heresy they have no actual real life experience in the

matter because they haven't studied or attempting to do anything outside what they already normally

do and so it's all just really synthetic ,vicarious, and hear say,heresy experience...smh to them... see

the vicious cycled vortex that only themselves and no one else can break? like battling with your

own shadow that transformed into your own self hate monster good luck getting through to those

types..heck! and if you know me you know I don't even believe luck exists at all!! so it's really no

hope for them until they them self say so because from our end we played our part and did all we

can do for them and there's nothing left to do for that type It's only the ones who willing to accept the

role of being humble and open shall receive the truth that lies inside the message.... because most hear


the message but they don't receive it because they choose for it not to be meant for them due to lack

of wits to know how to absorb more knowledge...as only the smart ones know knowledge is unlimited

and infinite and therefore must be always willing to receive it in order to continuously grow in every split

second of the minute and with finite.... instead of hitting a plateau growth spurt and staying small sized

when compared to other big whales and elephants who's all wrapped in it already waiting for them to catch

up....Another thing MzVega AMT may just be too hard for them to submit to and that's the only reason I can

see anyone will dare to waste they breath and battle saying it's not the most effective way to go... So allow

them the choice to choose to stay in FX market limbo,purgatory and mediocrity for decades on end swearing

on they life that they know for sure all the "right" and "real" reasons why they performance stays on the same stage and at the same levels

Hi ferrufx,

Is the 'tick volume ' useful for trading? How can i help to trade profitable?

Thanks in advance.

best regards

kcchan

e

It is certainly usefull as many traders integrate it in their trading. I am not ... so I can't tell you much about this.

hey KC!! welcome to the wonderful world of Forex!!!!

go and start here first and you won't go wrong with tick data!!!:


http://www.forexfactory.com/showthread.php?t=277528 ................

I use volume data but rather than volume for a particular time period I am more interested in the volume at price. This is very useful technique for identifying support and resistance levels.

Personally I use the currency futures markets to obtain my information for market profiling.

The volume data you can see on your trading platform is strictly limited to the broker you are using. I do not suggest using it as a merit for opening positions. It is just not reliable because data is limited to a very small fraction of the whole market.
Hope my answer was of use to you

If the market is trading at the Bid price and someone buys at market (no matter small) they will have to lift the offer, meaning the last traded price will tick up. This would count at '1' for MT4s tick counter, the problem is that without access to market depth, we have no idea what size is actually trading in the market.

Having said that, there is likely to be some correlation between tick volume and real volume for what it's worth

Good point that pure AMT doesn't consider volume. Although the popularity of 'volume profiles' is rising in recent years over the traditional time based TPO profile

You made the greatest point I dont think alot of people realize! TPO/TPT (letter profile) methodology is applicable to all auction markets that generate ticks (forex). Its works & is available in real time. The volume profile and its methodology is only applicable to markets with "cleared" volume. Not many people are aware of this fact.....

Hahaha. I never thought I would be posting here, but I can tell you without a shadow of doubt tick volume works in fact it works so good that It amazes me that people actually disputes this. I was like a few of you all a few months ago, learning to trade and no matter what I try I failed, all the indicators in the world fail, I would spend hours online looking for "the new best indicator" and always failed. I knew something was missing on the chart but I didn't know what it was until I found tick volume, and I knew that was the missing piece of the puzzle, and for almost a year I read from all the greats and mastered VSA.

I remember when I was first starting out I read all the horror stories about 95 percent of traders fail and got scared but threads like these made me realize that few people actually take the time to learn to trade, and if anyone is reading this, don't be scared, forget the indicators, volume and price is all you need. But it's no cakewalk it took me almost a year of studies and practice, and I believe in this market you have to keep on learning, but I haven't had a losing week in about 2 months. It's not rocket science it's just hard work and practice.

Hi Sane,

Your post do not explain how tick volume help and how I as a trader can take advantage of it?

Can you please explain further.

I am eager to learn.

Thanks.

best regards,
kc chan

I find volume analysis very effective with stocks. In fact I cannot trade stocks without volume analysis. However, I'm not so sure about applying this technique to forex. My concern is that, the tick data of MT4 is broker specific and it only shows the tick count fed into your brokers' MT platform, while big institutional traders don't trade at retail brokers' platforms. They trade via interbank platform. So retail brokers' MT platform may not capture the "tick" from big institutional traders. However, the price of any currency pairs is essentially determined by the trading of big institutional traders, not retail traders like you and me. So using information on retail traders to make conclusion on price movement is like using a map of New York to try to find your way on the streets of London. Any comments on this are welcome.

Ok Let me explain, and it's quite simple when you think about. If you are worried about "tick" volume on different platforms, one thing that is constant is this, no matter who you are, are where you trade in the world, the new york/ london overlap is the most active session in Forex bar none. Even if you remove the volume from your chart, you cannot get away from that, you can take that to the bank. So we know of once instant in forex where the volume is the most accurate. So on the 4 hour chart, the candle that is formed from the london/new york overlap is always valid 95 percent of the time. As a technical trader all you have to do, is see how the market reacts to this.

For example, if the previous candle was an up candle, and after the end of the overlap, you have a candle that's also up but closing on the low, on narrow spread, or even closing down, then you would know that this is a sign of weakness, and that most of the volume is selling volume. That's only one example, If you take into consideration also, the movement of the index compared to what's on the currency you are trading, you can also have a signal that's valid 70 percent of the times. The rest of the job you have to do is money management and you will be ok. I can go into more indept, but i believe that no one can learn forex unless, you hit the charts and study.

And yet, I can almost guarantee you that between multiple FX brokers of different calibers (from buckets to STP), their tick data will all show the same general patterns as actual legit CME futures tick data.

I don't use tick data, just saying...

Hello all,
@ pooh 123
" I cannot trade stocks without volume analysis. However, I'm not so sure about applying this technique to forex."
Forex is the same as stocks and volume in not any more an efficient indicator.

@ saneblane
"Even if you remove the volume from your chart, you cannot get away from that " of course "yes you can".

All, open your eyes and read the attach file on how HFT (stocks and Fx markets) operates nowadays.
HFT are far away ahead off the crowd.
Hope that it will en-light your knowledge.
Have a great WE;
Sincerely.
Tomcat98