So I decided to start following USD/JPY at night. I got my feed from gain and opened up a 30 sec chart. It seems like the volume is really low? I went back 14 days and the biggest vol spike I see within a 30 sec interval is 40. Did I pull up the wrong symbol or something? Something is weird about this chart.
Whats up jon. Hows the trading going? As far as your question: I believe your adding the interbank market USD/JPY, don't even know how your getting volume as there is no central exchange to report volume with the interbank market. Try adding the 6J 06-09 instrument to get the futures yen which reports volume.
YO! Whats up man? trading is going fine, still 100% AHG, though its more difficult using only the WIP lol. Anyways, I am actually trying to watch the FX, not the future. Not sure what the heck I'm doing wrong on this chart lol. Just though it would be good to get a few hours more screentime at night.
As said above there is no volume for forex as there is no central exchange. The volume you see may be indicative of activity. I would believe it's the volume at your broker alone.
Are you making trades based on the 30 second chart? Hopefully it's yes because I could use a good laugh.
Given the fractal nature of the market I think it's interesting that a 30 second chart alone is enough to "laugh" at, but no this is the first FX chart I've ever brought up. I trade ES with a 30k vol chart and various other time frames.
I use eSignal with the Forex add-on - and I get volume on my FX charts...... Not sure how to interpret this volume data,,,, Thinking of switching to eSignal on demand with a direct feed from my fx broker tho - that might be more accurate Still trying to learn more about FX -- so much more complicated than stocks IMO But I feel that the trends are easier to spot than with stocks and ETFs.. Anyone else feel the same way??
I don't know NinjaTrader but usually what you see in a Forex-chart (not Forex Futures) instead of volume is the number of trades (=ticks).
I read official volume does not exist but some people were working on making synthetic volume. In any case, if you google "free forex charts", you see a link there that links you to a web demo of ChartStation by NetDania dot com. They have a volume option there but I don't know how it's determined.