Lmao hahahahahahahahaha very funny. Hahahahahahaha that was funny. But I hear you.
Forex? Discussion
- Thread starter D-3C0
- Start date
Even worse, the guy is using volume on bucket shop 5m bar feed. Even if it was a legit ECN feed, the way pricing works--if I understand it correctly--it's not always indicative of actual trading activity. At that granularity-it's noise. Since it's interbank quotes, it's a bunch of banks updating prices to ECNs, reuters, whatever. EBS or Hotspot is real dealing quotes.
lol yeah exactly. I think you can get EBS time and sales data... but it's super expensive. So retail can forget about it. And I'm not even sure how worth it that would be.
Yuniti is an EBS/NEX portable front-end. They don't show any volume data by default. Sure, you can get some limited spot transaction data.
Yeah see, I haven't even heard of Yuniti.
As retail there is simply no way I can compete with institutions who are using any of this, even if I was able to get the data. So I have no choice but to stick to PA on higher TF charts, stay in the loop of market sentiment and fundamentals and try and make something work.
CBOT UST volume is useful. Grain data is as well; especially in light of how much color the commercials and the USDA offer. Forex? Largest market that also is decentralized. Why choose to focus on volume in a market in which any volume figure is suspect? Here's an analogy: of what use is a volume figure in Corn if the market is limit-up? A few lots offered. You'd be forced to look at the volume in option synthetics. Now how do you interpret the volume?
FX futures volume is like that. London closed on a Friday and it's 4PM in NY; you see a tall volume bar on the 5M on a three pip move? It is transparent. It's an arb-cross. Now how do you trade that?
FX futures volume is like that. London closed on a Friday and it's 4PM in NY; you see a tall volume bar on the 5M on a three pip move? It is transparent. It's an arb-cross. Now how do you trade that?
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Agree completely. I knew about volume and FX within my first few months of trying to trade FX. Anyone trading and market should learn a bit about the micro-structure of the markets they are in. Especially before they start calling others "idiots" when they are the biggest fool on the thread.
20Y trading. Let that sink in.
lol. At this point, it's pretty safe to say he'll never get.