Forex volume

[SgesrcesyNudesSga]

I know there's no way to figure out true volume in the Foreign Exchange market due to its size and lack of regulation.

But would it be just as great to perform relative volume vs absolute volume?

Cases I have in mind include

1. Looking at actual volume of a broker. Since we all follow price charts from a broker anyway, why not look at the quantity behind that tick taht could be comparatively equivalent strength/weakness from the true Foreign Exchange volume


2. Employing quantity. Placing moving average on a quantity information by a broker would provide another insight into what the general Foreign Exchange market is doing.

Only my ideas how to overcome this quantity issue. Would like to hear other's comments

[EsCarociaro]

My opinion is that in case you collect all of the sentiment of the majority of retail traders, it's going to not have anything to do with what the banks will do.

Motivations of banks big enough to transfer markets are somewhat different than retail traders. And bank orders from the billions can't be compared to trades (in millions or less) that retail traders create.

A central bank's schedule is only known by the bank, and one bank might be more than 100s of times the order dimensions of all retail traders combined.

[Tintu15]

My opinion is that if you collect all the opinion of the majority of retail traders, it's going to have nothing to do with exactly what the banks will do.

Motivations of banks large enough to move markets are different than retail traders. And bank orders from the billions can not be compared to the trades (in millions or less) that retail traders make.

A central bank's schedule is only known from the bank, along with a single bank could be over 100s of times the order dimensions of all retail traders united.

Could not agree more

[VucontoTuaCrNarox]

Forex Volume for those majors is simple to track. Follow the futures market on the CME. Each and every single day, I do it.

Following is a way to do it if you do not like futures, utilize price distribtion. The horizontal bars tell you how many times price has traded at a specific price. Sort of the same thing accurate.

Take a look at the USDJPY. I might show you precisely where the trades happened, if I could make this larger.

http://www.morrisfunds.com/storage/f... 1-29-2006.PNG

[Tintu15]

Forex Volume for the majors is simple to track. Follow the futures market on the CME. Each and every single day, I do it.

Here's a means to do it if you don't like futures, utilize price distribtion. The bars tell you how many times price has traded at a specific price. Sort of the same thing accurate.

Have a Look at the USDJPY. I could show you where the transactions happened, if I could make this bigger.

Futures still makes up such a minimal part,

not saying it's not useful for you.

[EsCarociaro]

I really don't see any sort of an edge. Can you explain your own interpretation to us?

[CiuSkEs]

From the book, Trading Chaos..., Bill Willi says:

Tick quantity is the range of price changes produced during a particular period. It's not the amount of contracts traded. Lots of studies have indied there is not any significant difference between the connection of tick quantity and real volume. We utilize tick quantity and may presume that it represents quantity.

I think most Foreign Exchange brokers' quantity is tick quantity, but don't remember why I think I read it on FF somewhere.

I don't understand how to guage whether he's right or wrong, I'm only telling what the book says. I would love to find out that it were true I'd nevertheless be fearful of it for the reason said.

On the flip side, when the banks proceed in big time, it does not matter what you are using, it's still possible to get burned. This morning there were numerous things aligned for a trade, it had been as good as in the bag. Sometimes that's just the way it goes, that is part of trading.

[Choncha97]

Forex Volume for those majors is simple to track. Follow the futures market on the CME. Each and every day, I do it.

Following is a means to do it if you do not like futures, use price distribtion. The bars tell you how many times price has traded at a particular price. Sort of the identical thing but much more accurate.

Have a Look at the USDJPY. I might show you where the trades happened if I could make this bigger.

http://www.morrisfunds.com/storage/f... 1-29-2006.PNG

Really? I wasn't conscious of this. How accurate do you find this information in enabling you to determine market sentiment?

[Axrtunwz_4]

Hi could elaborate more about the way you find the quantity on the forex I'd like to comprehend this thing more please thaks!!!

Forex Volume for those majors is easy to track. Just follow the futures market on the CME. Each and every single day I do it.

Following is a means to do it if you don't like futures, utilize price distribtion. The bars tell you the number of times price has traded at a specific price. Sort of the same thing but more accurate.

Have a Look at the USDJPY. I might show you where the transactions happened, if I could make this larger.

http://www.morrisfunds.com/storage/f... 1-29-2006.PNG

[Goaxcesj]

In forex there's only a hand of major liquidity suppliers. Your borker get volumes from one of the tiers
As long as you use the exact same volume feeds, it is most likely the great one.