Anyone trade FX on IB IDEALPRO and do you see Volume?

[snackly]

Quote from Pippi436:

No, tell me, what information could you possibly deduct from a few T&S prints on a single FX platform out of dozens (a retail platform at that).

Well its highly dependent on a platform that is liquid. What I'm getting from KBG guy earlier in the thread is that the FX Futures volumes may be sufficient. If you're asking if there's practical use in the prints from the seemingly iliquid HotSpot FXr, then yeah I agree there doesn't seem to be much.

I suspect IB has much more liquidity. I am not sure about DukasCopy.

 

[kiwi_trader]

IB forex volumes are meaningless unless someone brings together volumes that include major speculator, bank and government activity. And certainly no one has done this at a retail level.

Fx Futures volumes are not going to provide what you would normally get in stocks and other futures because futures are now the tail to a much larger dog. Often the volumes are gamed and the game sometimes involves manipulation towards forex.

Better to just ignore "volume" and learn to read price better. The search for certainty in trading is a move away from the holy grail.

 

[snackly]

Quote from kiwi_trader:

IB forex volumes are meaningless unless someone brings together volumes that include major speculator, bank and government activity. And certainly no one has done this at a retail level.

Fx Futures volumes are not going to provide what you would normally get in stocks and other futures because futures are now the tail to a much larger dog. Often the volumes are gamed and the game sometimes involves manipulation towards forex.

Better to just ignore "volume" and learn to read price better. The search for certainty in trading is a move away from the holy grail.

What does that mean read price better?

 

[cstfx]

Funny Thread! Curious to anyone who would try to incorporate volume into their analysis when it comes to trading spot fx.

A question: if volume is important to determine certain price points or price action, how would you incorporate the volume from EBS and FXAll and LavaFX and assorted Currenex brokers and Baxter? Each of these platforms has their own set of liquidity partners (EBS alone estimates that they do in excess of 200B a day) How does their volume affect the underlying price movement as a whole? Volume analysis is irrelevant in this market because there are so many sources of info and this is not co-mingled to create an accurate picture.

IB volume? That only reflects trades transacted thru IB. The same is true on FXr, Currenex, etc. This is not like a centralized exchange where all the info is there for your analysis. Good Luck trying to use volume as an indicator. Not being flippant, but unless you can see the wholemarket...

As to read prices better: spot fx is probably the most technically driven product out there. Yes, news hurts/helps, but technical factors are mostly the determining factor in price direction. Learn to read your charts.

 

[Jurij12505]

Quote from snackly:

Interesting, I had considered using the pricing of FX futures and options as indicators, but not considered the volume. Is the volume of FX futures now roughly half or more than half of the daily FX trading globally (aggregate of spot + futures/options) ?

I guess my question is if you're using the technique of Volume Spread Analysis, will the volume of the CME FX futures give you indications in the spot trading volume?

Again I read in a description about VSA that using the volume in the ticks of FX can be substituted for the trade volume. By that I take it it was meant to use the bid/volume and ask/volume of each tick for a given bar.

Does that make sense? That much IB and HotSpot do provide yes?

In Dukascopy platform is possible to see volume data.