[wsam29]

I'm not Soultrader but I will explain this thanks to Jason Alan Jankovsky's book.

Volume is what drives prices higher or lower. Volume is caused by some other trader who is either getting into or out of a trade.

Spot FX being an unregulated market does not have a centralized exchange to post volume. eSignal provides volume to their FX data.

Price patterns alone do not tell the full story, what you need to be aware of is the volume in relation to the price pattern to get a higher probabiltiy of one thing happening more than the other.

I have tried trading FX just off price patterns because "thats all the FX market has to look at." Lets just say I am not a big fan of the FX market, not because I cannot trade it but rather the lack of infomation.

I have found that understanding trading psychology and behavior yields much greater results than relying on technical patterns and indicators to decide what course of action or inaction to take.

The way to see that behaviour is through the analysis of just price and volume.

There is alway some discretion to your trading, you still need to decide to take the trade or not when you think about it.