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
The following user says Thank You to jonc for this post:
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..
The following user says Thank You to edgarlemos for this post:
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