Forex Day Trader's Thread

This is a discussion on Forex Day Trader's Thread within the Forex forums, part of the Markets category; Originally Posted by Trader Dale the main thing here were heavy volumes that were most likely created by big players. ...

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Old Dec 25, 2017, 9:06pm   #13745
NVP
 
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Originally Posted by Trader Dale View Post
the main thing here were heavy volumes that were most likely created by big players. Then they pushed the price down. This created a strong level from big guys initiated their action. Have look at the same picture. I added some description.Attachment 230516
I’ve never been convinced about the concept of using volume on forex.....other markets that present a decent ringfenced market with more reliable volume information feel more appropriate to me ....

How’s it going using this approach ?

N
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Old Dec 27, 2017, 7:48pm   #13746
Joined Oct 2016
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Originally Posted by NVP View Post
I’ve never been convinced about the concept of using volume on forex.....other markets that present a decent ringfenced market with more reliable volume information feel more appropriate to me ....

How’s it going using this approach ?

N
Hello,
what I do is that I do my analysis on futures and then transfer the levels into forex. This is the most precise way.
Still, if you use a big broker their data is actually pretty reliable when compared to futures data. It is surprising but I have been comparing these two for years and it is very similar.
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