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

  #1 (permalink)
Shakes
Alexandria, Minnesota
 
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Do you use futures volume for Forex trading?

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

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  #2 (permalink)
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  #3 (permalink)
Trading for Fun
Kalispell montana
 
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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

What an interesting concept. Would be interesting to see the actual system and how they combine the data.

What comes to mind is using the volume feed from 6E futures and then somehow comparing this to the spot forex data feed. But have not done any backtesting on this idea. Would be great to hear from someone already doing this.

Would be interesting to see how much correlation exists between 6E and EUR/USD data feed.


Last edited by sledmt; July 22nd, 2015 at 03:25 PM. Reason: adding more text
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  #4 (permalink)
Shakes
Alexandria, Minnesota
 
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Yes


sledmt View Post

What comes to mind is using the volume feed from 6E futures and then somehow comparing this to the spot forex data feed. But have not done any backtesting on this idea. Would be great to hear from someone already doing this.

Would be interesting to see how much correlation exists between 6E and EUR/USD data feed.

That's exactly, how one person I know does it. Just wondering if it is common practice or a rarity.. It is a more manual process and I don't think any systems incorporate the two. But that would be neat if a system Or add on did.
Best regards,
Brian

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  #5 (permalink)
Trading for Fun
Kalispell montana
 
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Magiklair View Post
That's exactly, how one person I know does it. Just wondering if it is common practice or a rarity.. It is a more manual process and I don't think any systems incorporate the two. But that would be neat if a system Or add on did.
Best regards,
Brian

Personally I will take a look at this idea. Will see how things go.

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  #6 (permalink)
Trading for Fun
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On a side note, I know that FXCM does provide an directional forex volume number for minute charts and greater timeframe. Don't know how closely this would mirror the volume numbers from the 6E future data.

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  #7 (permalink)
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I don't find futures volume useful in trading forex. One reason is if you are looking at EUR, it is not just EUR/USD alone which the market participants are involved with. The sellers or buyers can be working on others EUR crosses such as EUR/JPY, EUR/CHF and EUR/GBP which has no futures contracts. These crosses do have an impact on EUR/USD

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  #8 (permalink)
Trading for Fun
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jonc View Post
I don't find futures volume useful in trading forex. One reason is if you are looking at EUR, it is not just EUR/USD alone which the market participants are involved with. The sellers or buyers can be working on others EUR crosses such as EUR/JPY, EUR/CHF and EUR/GBP which has no futures contracts. These crosses do have an impact on EUR/USD

If you don't mind sharing, does your trading plan include any volume data?

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  #9 (permalink)
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I always check the pip spreads before trading. That gives me an idea of what I am paying for liquidity. FXCM's Marketscope has a front panel that gives you a list of the currency pairs with the pip spreads. Marketscope has volume and something called "transactions" but I never use it.

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sledmt View Post
If you don't mind sharing, does your trading plan include any volume data?

For trading forex not at all.

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

My focus is on forex though.

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