Volume analysis is to be discarded as it is "too much information"

Discussion in 'Strategy Building' started by Buy1Sell2, Jul 6, 2009.

Volume analysis of any use?

  1. I believe in using volume analysis

    162 vote(s)
    58.5%
  2. I discard volume analysis in my trading

    71 vote(s)
    25.6%
  3. I really don't know

    43 vote(s)
    15.5%
  1. Hadn't the mt4 platform already been exposed as a scam tool used by bucketshops? Since when Is there volume in fx. Implied volume is garbage
     
    #291     Jul 16, 2009
  2. forexbody

    forexbody

    MT4 Scam, that is a first to hear !
    so what other trading platform do you recommend, FXCM micro or FXCM web platform that made a friend of mine lose 25k in 3 days !
     
    #292     Jul 16, 2009
  3. I can back up everything I do child.
    Show your face and I will show you.
    I do not hide in the internet like you do.
     
    #293     Jul 16, 2009
  4. Wow, where do you get volume in FOREX?
     
    #294     Jul 16, 2009
  5. Choke

    Choke

    We agree.

    One step further. Implied volume is worthless because it is a guess.
     
    #295     Jul 16, 2009
  6. Jason Rogers

    Jason Rogers ET Sponsor

    Orders in a demo are not sent out to the banks for execution, so they won't simulate slippage. I have yet to see a demo that does. Anyone else?
     
    #296     Jul 16, 2009
  7. Buy1Sell2

    Buy1Sell2

    Price and a scant few indicators are all that you need. Volume is too subjective and has no relation to price. It should be ignored--Ishmael:)
     
    #297     Jul 16, 2009
  8. Check the vote. Looks like you're climbing a greasy pole trying to convince traders of that one :)
     
    #299     Jul 17, 2009
  9. Johno

    Johno

    And yet 95% of so called traders lose, go figure!

    Regards

    Johno
     
    #300     Jul 17, 2009