[Anonymous]

Originally Posted by torero »

Great explanation on your work PP, what do the green x's mean?

Thank you. They are there because the two bars above them do show demand in the market as denoted by either a green dot or green arrow. Since the cluster zone is where it is at, it is covering up the signs.

The truth is one needs to read the bars and the volume. The "signs of strength/weakness" are not really necessary. I keep telling myself and others to remember that the end-game is reading the chart "blind".

[torero]

I just realized that you have volume on eurusd chart. Is this from tick charts or where are you getting this data?

[Anonymous]

Volume is activity. Therefore tick volume is a useable replacement for actual volume. I use VT from CMS because they offer tick volume in forex. I could not trade without it. Trading without volume is like buying a car without a gas tank. How can one judge EFFORT (volume)? And without effort, how can you measure RESULT(range)?

While it is true that there is no centralized exchange in forex, it is not true that volume is not available. Years ago I used to believe that volume figures where hidden because certain people or institutions did not want to have their positions known. I did not realize the implications of this. YES certain people and institutions are keeping truths about where they believe the market will go. More exactly, where they are taking the market.

Volume is the major indicator of the Professional trader. It is keep from the retail trader not because it is not necessary for the understanding of market dynamics, but because it is.

[torero]

I see what you mean. TS provide tick charts, so I can use that to measure volume, best we can do I suppose.