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dod

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Everything posted by dod

  1. Does this mean tick volume is not satisfactory for VSA purposes? The sort of automatic fine tuning described must go on all the time; but, doesn't this represent volume, of a sort? My knowledge on the subject is very scanty. I guess the answer is I should look carefully at the volume data I get and draw my own conclusions as to whether it and the spread relate in the way Tom Williams describes.
  2. I have a question concerning spot forex volume. With most forex data, volume isn't available. However, I believe ESignal supply Tradeguider with tick volume data, with they claim is adequate. I follow forex with a broker called FXDD. They supply volume data, but haven't responded to my emails as to what this data is made up of. On another forum, someone suggested it was tick data, but it would only be representative of FXDD clients rather than the industry as a whole. Can anyone clarify whether the proportion of 'smart money' to 'retail money' that would be expected to prevail with 'full' volume data from the industy as a whole is likely to be approximately the same as tick volume from one broker? Or would it be wholly unrepresentative? The reason I ask is because I'm currently trading forex (daily and weekly time frame) using price action - one or two bar patterns - with a couple of indicators to clarify likely direction and it struck me that adding VSA to the mix might help me a lot and even wean me off the indicators altogether; but I don't want to spend my time trying to 'see' relationships between volume and spread if the volume data is suspect! Nick
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