Volume

[johnnybegoode]

Some charts don't even offered that?
Why?
Is Volume not important for forex trader?

[johanno]

!)Forex is not a centralized market so there´s no way to know real volumes.
2) Broker or market makers show in the charts ticks volume (something totally different) of its own plattaforms. So volume indicators in forex doesn´t give the information it gives in stock markets.

[TRADE]

you might want to read this thread:

http://www.moneytec.com/forums/f118/...e-price-19515/

and the book: the undeclared secrets of the stock market, or the updated version, master the markets by tom williams. one of the best books on/for trading around.

tick volume is and can be a powerful tool if you know how to use it through understand its advantages and limitations.

do some research into it yourself, and formulate you own opinion on the matter. I'm sure you will find you will not have wasted your time if you follow the above.

good luck

[johanno]

you might want to read this thread:

http://www.moneytec.com/forums/f118/...e-price-19515/

and the book: the undeclared secrets of the stock market, or the updated version, master the markets by tom williams. one of the best books on/for trading around.

tick volume is and can be a powerful tool if you know how to use it through understand its advantages and limitations.

do some research into it yourself, and formulate you own opinion on the matter. I'm sure you will find you will not have wasted your time if you follow the above.

good luck

Trade

Have yo say i totally agree with you. My answer to johnny was too short but in fact i use ticks volume. I use an indicator called Vratio and in 5 min charts i trade based on 4 h trend. I have solid winners.

My final concept is ticks volume is different from stocks volume but can be useful in your intraday trading if you learn how to use it.

[KPcurrency]

"Volume is the major indicator of the professional trader.

You have to ask yourself why members of the self-regulated exchanges around the world like to keep true volume information away from you as far as possible. The reason is because they know how important it is in analyzing the market." Master the Markets p.16

*Volume is activity. Therefore, we can use tick volume en lieu of actual volume in those cases where it is not available.

*85% of the activity represented by volume is professional or smart money. How can a trader make good trading decisions if he is ignoring the actions of the smart money? After all, the smart money is deemed such as they tend to be right most of the time.

With an understanding of volume and supply/demand dynamics a trader can take his trading to a new level. Volume does hold the key to what is going on in the market.

[KPcurrency]

Many times one can hear the pundits on CNBC talking about the market (any) making new highs on heavy volume. They take out their pom-poms as the market goes up 159 points on heavy volume. How little they know.

VSA Axiom:The market does not like wide spread up days on heavy volume. Why? The truth is that strength means weakness and weakness means strength. In this case, the wide spread heavy volume may in fact mean the professionals (strong hands) are selling to the retail traders (weak hands). There is a possible transfer of ownership in place. The question to ask is, on a wide spread up day with heavy volume who was doing the selling? It is clear that the herd is most likely doing the buying. But from whom are they buying? The pros (strong hands). Why? Well, one doesn't really know, but it is clear that the pros are not willing to support higher prices. Markets rise only when they are supported by professional demand.

Without any understanding of volume a trader is trading blind. He can be sucked into the good news and euphoria of the day, which is what the professionals want. They want the retail trader to get long as the market is about to fall. Once the retail trader reaches his pain threshold and liquidates, he will only add fuel to the down move (which of course only hurts the retail trader that much more).

[NAVEEVIa]

Did anaybody save the "Learning to Speak the language of the Market Volume, Price, Spread" thread by Kpcurrency.
I read his thread on VSA on Treader laboratory & need this onebut seems to be deleted somehow
Can somebody please help?
Thanks
Naveen