I don't use this, but I have seen a lot of folks using it and they're quite good traders. So, yes it's possible.Originally Posted by ;
And there is a reason behind everything, it is possible to always know the why. Always.
I don't use this, but I have seen a lot of folks using it and they're quite good traders. So, yes it's possible.Originally Posted by ;
And there is a reason behind everything, it is possible to always know the why. Always.
They may use Volume out of Futures Market (which is not real volume) but certainly not some bad butt bucketshop MT4 volume. It's utterly useless you could aswell just plot some arbitrary numbers.Originally Posted by ;
I have seen one quantity system on here which utilized quantity from currency futures.Originally Posted by ;
I will try to find it and edit this post to identify it.
So far as I know, quantity figures given out by futures exchanges are accurate, however there is a lot I really don't know.
Of course they are more accurate than that which you will see on your MT4, since no 500M Dollar Hedge Fund transactions in IBFX or even Alpari. Institutional Traders trade amouts through CME for example. Still there's alot of quantity which is notOriginally Posted by ;
counted since it does not go through CME. If Airbus wants to hedge a 1 Bln USD bargain with another nation or whenever you run to your bank and swap
your cash for a holiday trip overseas or in case your government needs to buy dollars from china which raises the demand for dollars etc etc ). This is Volume which is not possible to keep track of.
I would venture to state that nobody here has read Willi' novel. If they had, they'd already know that tick volume is what VSA utilizes in FOREX. Netdania has it free. FXCM says theirs is from liquidity suppliers, e siignal has it for about $40 per month. MB volume is from ECNS ticks. There are lots of resources and it is precisely what is utilized. This sort of argument just shows that the book has not yet been read and understood.
Read the publiion. It is quite a price driven method and is very trustworthy.
It still misses ALOT of important quantity. PERIOD.Originally Posted by ;
And with ALOT I really mean ALOT.
Nonsense. Read the book. That is from page 27
esignal quantity is what their program uses.
https://www.forexforum.co.za/attachm...3223318257.pdf
Lol show me the way your imaginative Tick Volume repesents buying of a quarter trillion dollars.Originally Posted by ;
In recent years it was near 900 Billion. Oh well I guess we can ignore peanuts.
You obviously don't understand this method, so there's no use discussing it with you until you read the book.Originally Posted by ;
I have read your posts and know you're a good trader, but you're not getting the point of the system.
I think if you read the content, you may change your mind as your argument has no validity in this circumstance.
Yes, we know that. But your not fixing our issue. The tick volume in forex that's supplied by your broker is not universal, it is specific to your broker. So just how can you know when a 100 billion dollar fund is investing in your currency as soon as your tick volume will not reflect their trade?Originally Posted by ;
The included page does not address Forex. It addresses that tick volume may be used but does not handle the issue inherent to forex volume... which it is not comprehensive. In stocks yes, tick volume can be used since you can poll the exchange. That is not true in forex.
You're shutting down conversation with a patronizing remark like this? Come on. I have read novels on VSA, frankly... not one of the techniques I understand about would work on Forex due to the volume issue over. I am more than prepared to admit I am wrong if you can prove differently, but so far you haven't even addressed the situation.Originally Posted by ;
That brings up the question, should they utilize esignal volume... where does esignal volume access it's info from? There's no universal exchange for spot forex, so there's no volume authority we can ask.