Leveragefx, are you using Topgun software ? I am asking because you mentioned several data feeds that their software shows. You also get info on volume with topgun, but I find it hard to believe that one can use the volume that goes through these bucket shops as an indicator...
Leveragefx, are you using Topgun software ? I am asking because you mentioned several data feeds that their software shows. You also get info on volume with topgun, but I find it hard to believe that one can use the volume that goes through these bucket shops as an indicator... [/QUOTE] Here is an explanation of the E-signal feed filtered through Top Guns software. I use it and I get accurate entries and exits when I'm trading with the Top Gun platform. Don't knock it till you've tried it. Alf Sorry wasn't clear. eSignal's data has about 150 banks that makeup their data. Some banks have wide 8, 10 or 12 pip spreads and they can move their bids by 4 or 5 pips at a time. You don't want to trade off of a tick chart if you don't know the REAL high or low of each bar or swing high/low. A 35 tick chart just means that any time any of these banks adjust their bid by moving it up or down that is 1 trade. When 35 trades happen a new bar happens. If the market goes up 100 pips you still see that in a 35 tick chart but it just updates the moving avg and keltner channels faster so that a tiny pullback in price gives you a GREAT entry. In a real uptrend by the time the market hits the lower keltner on a 5 min chart the trend may have already changed! What they do is let you filter by banks with spreads under X pips, I used to use 3 but also let you select WHICH banks to use. They take esignal's tick data and create the bars themselves. The banks I posted seem to be honest, ie they don't run stops or have wide WICKS! I want to know real swing highs/lows because I'm a big double top/ double bottom trader! I really need to know what my REAL risk is. If I short a double top I may exit if it goes 5 pips over but if a BS tick is 5 pips too high I'm risking more than I need to and it doesn't give me confidence and I can't at times do 10 lots, need to cut size down due to inaccuracy of charts. If you look at esignal's charts for forex you will see how dirty their data is due to some of the banks.
FOREX is a trillion dollar market. Do you think the "big boys" and "smart money" trade like the little guy? There's no real reason to trade when you can park your money and make money. Not to mention, if you are trading with a fixed spread broker, you are just letting them steal your cheese? Why have to make 3 pips to breakeven on the EURUSD, when you can be in the money at 2 pips? KNOWLEDGE IS POWER.
So do you consider yourself one of the "big boys" and "smart money". So does that mean I'll never be able to play with the big boys? Forex is a fast moving river, my job is to get a thimble full. So where do you trade?
I don't think I am allowed to post where I trade. I got banned once for mentioning my broker and don't want to tempt fate. Remember, you are on the internet, if you (google) search, you will probably find what you are looking for.
I remember you from TS forum, you are very good at coding strategies. You are TRO from TS are you not. I see lots of posters mentioning where they trade in the proper context. I think it is fine if you're not blatantly shilling. Besides by the time they find you out it'll probably be a couple of days. So fire away, what instruments and where do you trade?
I did the Google and I see what you mean so I joined your group. Thanks, now I know where you parked yourself after the TS blowup.