No, not in any predictive manner, only to be certain that I can move some minimum size.
Forex? Discussion
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No, not in any predictive manner, only to be certain that I can move some minimum size.
FX futures volume is of little to no value.
Contra asked about the legitimacy of volume figures in FX futures. I know Contra and he’s not an institutional guy. How is it that a sharp retail trader in his 20s knows why FX volume is meaningless, yet you’re this experienced pro and do not?
Xela, I am not attempting to force you off of this site. I won’t reply to your posts beyond this one (post).
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Pepperidge Farm ?!!?
OMG, this is some good shit here... someone hand me the popcorn 
I think he meant 30s .. lol. But I've known him since in my 20s.
Anyway yeah, FX is a decentralized, interbank, market. It's too fragmented. You're not going to get any true representation of the volume from Futures; forget about a broker. We know the volume that goes through on a daily basis through BIS stats after the fact. Something like EBS for certain majors, or Hotspot like Destriero stated earlier, would probably give you the best representation, but you would need a prime broker account to use those ECNs.
The only thing I can know as a retail trader is that the volumes are highest during London and NY sessions and the crossover. Price is all we have. There won't be many discrepancies with the FX prices you get on a legitimate broker like IB or Oanda, or there would be an arb, which would soon be aligned from arbitrageurs (as explained earlier as well).
If I'm not mistaken, Destriero has actually arbed between Oanda and other dealers when they had boxes--at least I know he raped them on the mispricings and ruined it for everyone else!
No go on. Learning here.
Plight of the retail trader, you really don't know how much you don't know.
But on the side of padu using a very simple example.
You see price making a big move relative to volume, even though it is tick data. Couldn't you infer something from it. Say this is mainly buying volume.
Or are we focusing on what that tick data is actually representing, where FX where it really doesn't matter say compared to stocks.
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Hello ,
Do you know how Floyd Mayweather debate an argument? By posting his checks and money balance .
Allow me to say this. Money talk and bullshit walk.
Once I am consistent profitable, I will post my PnL if ANYONE try to bash me on this forum. Period.
I am not sure the reason for bashing. If someone make you mad, just post your PnL and that will shut people up, Quick.
Do you know how Floyd Mayweather debate an argument? By posting his checks and money balance .
Allow me to say this. Money talk and bullshit walk.
Once I am consistent profitable, I will post my PnL if ANYONE try to bash me on this forum. Period.
I am not sure the reason for bashing. If someone make you mad, just post your PnL and that will shut people up, Quick.
Hello...? Your connection is bad; are you still there? We're not receiving.
Correct, it's worthless. Worse, it's detrimental if anyone is using it to pull the trigger. Even if the provenance is known, the bar simply represents change in bid-offer. It's no more useful than suggesting it's another representation of Px-bar height (tall bars vs. squat). I am referring to OTC FX, bucket shops, not FX futures in this sense. At least FX futures is actual volume at price vs. a change in BO.
Volume in stocks is useful. There isn't any arbitrage volume outside OMMs, which is a small % of volume in the shares.