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Do you use futures volume for Forex trading?
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Do you use futures volume for Forex trading?

  #11 (permalink)
Trading for Fun
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jonc View Post
For trading forex not at all.

But indices and bonds futures, yes I do look at volume.

My focus is on forex though.

Curious, have you looked at the forex directional volume that FXCM provides?

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  #12 (permalink)
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sledmt View Post
Curious, have you looked at the forex directional volume that FXCM provides?

are you referring to Real Volume/Transactions Indicators? if yes, I have seen the advertisements on it, it's interesting but my brokerage is not FXCM.

for myself, data such as correlations between pairs, daily volatility are much more helpful than the volume of individual pairs.

For example, when trading AUD/USD I find it is way more helpful to look at what is happening to NZD and CAD ( these are the commodity currencies) and USD/JPY or even CL than looking at the volume that is taking place in AUD or 6A

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  #13 (permalink)
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jonc View Post
are you referring to Real Volume/Transactions Indicators? if yes, I have seen the advertisements on it, it's interesting but my brokerage is not FXCM.

for myself, data such as correlations between pairs, daily volatility are much more helpful than the volume of individual pairs.

For example, when trading AUD/USD I find it is way more helpful to look at what is happening to NZD and CAD ( these are the commodity currencies) and USD/JPY or even CL than looking at the volume that is taking place in AUD or 6A

I was referring to the volume data indicators provided by FXCM.

I have noticed some of the correlations, but have not studied it in depth.

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  #14 (permalink)
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It's interesting how someone could talk about this! In fact, in the last days i've been studying orderflow and how to trade on the DOM. I've been seeing Jigsaw trading tools and their videos.. It's actually very interesting how you can see the "real move" or at least a more realistic view of what's going on the markets.

After this, I've opened a Demo account of XTrader with AMP/TT Data and I opened the DOM and T&S (As I don't have Jigsaw trader) to see what's going on and then put the trades on my Metatrader Account (Lol, I know, i don't have enough money yet). I used 6E to see the data..

In fact, it actually worked really well!! You will have a higher price in the 6E because the expiration date is in only in september, so its normal that gap.. but you can get an idea of where the real supports and resistances are! And where are the areas with high and/or low volatility.. For example, today it stopped me from going short on a "double top" and instead, the market went up.. I really felt some edge!!

If you could advise me other tools and alternatives to this demo, it'd be great.. I'll testing this for a while to see what happens..

Regards

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  #15 (permalink)
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i do agree 6E futures volumes do help a lot in trading but the question is how reliable the volume data feed that you got from provider. For example, there's different in delta calculation in time based chart for ZENFIRE vs IQFEED as i saw in the other thread brokers and data feed section . For those who's using time based chart, i wonder which data provider is the most accurate data feed for delta calculation. I wonder any1 got any feedback on this. Thanks in advance

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  #16 (permalink)
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no problems

I have been trading the EURUSD using volume from the 6E with NOFT for some time now with great success. I haven't had a losing day since I started doing this months ago. I learned that people were doing this from Peter at Jigsaw trading. I highly recommend both NOFT and Jigsaw. Its made all the difference.

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  #17 (permalink)
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StreetPreacher View Post
I have been trading the EURUSD using volume from the 6E with NOFT for some time now with great success. I haven't had a losing day since I started doing this months ago. I learned that people were doing this from Peter at Jigsaw trading.


What do you see as the advantages of using these to trade spot EUR/USD rather than 6E itself?

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  #18 (permalink)
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You can use these to trade either the 6E or EURUSD. I prefer the EURUSD b/c I have been trading it for > 10 years. I'm comfortable with it. I've been studying it for quite awhile. I like the platform on FXCM as well. It really comes down to preference.

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  #19 (permalink)
Market Wizard
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StreetPreacher View Post
I have been trading the EURUSD using volume from the 6E with NOFT for some time now with great success. I haven't had a losing day since I started doing this months ago. I learned that people were doing this from Peter at Jigsaw trading. I highly recommend both NOFT and Jigsaw. Its made all the difference.

How have you got this setup? I am a forex, CFD trader and am in the process of trying to wrap my head around futures trading. Videos by John Grady showing how to use the DOM are really eye opening and I would imagine that using volume would be hugely advantageous! Prior to reading this post it never occurred to me to use futures volume with spot forex trading. I use marketscope and am wondering how you tie this all together?

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  #20 (permalink)
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Magiklair View Post
Hello,
I know some people use a combination of futures volume in a combination with Forex trading. I know for the most part Forex trading does not have volume readily available unless you are a institutional investor. Then you can use like FXCM. Any feedback would be great!
Brian

Absolutely. During a strong trend, I commonly see volume increase when price is moving in the direction of the trend, and volume decrease when price is moving counter to the trend. Id recommend a simple VOLUMES indicator if you are using MT4. Get a demo at Foreigncurrencies.com

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