Volume based approach
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Originally posted by JogiI heard about a book "master the markets" by tom williams. I read some of its pages and it is very logical. Is anyone here using this approach in his trading method?
I also want to know if anybody here is using their software.
I have seen a performance here on fxstat using VSA approach. I cant remember its name though. Results were nice and I think its successful strategy. I dont know about their software but I think that software will be very helpful in trading.
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Hi! this is how I trade. Is incredibly precise. Just a quick note. There is not disclosed volume in Forex. Just refer to related Futures (FXE, /6E etc.).
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Originally posted by Champ
Originally posted by Jogi
I heard about a book "master the markets" by tom williams. I read some of its pages and it is very logical. Is anyone here using this approach in his trading method?
I also want to know if anybody here is using their software.
I have seen a performance here on fxstat using VSA approach. I cant remember its name though. Results were nice and I think its successful strategy. I dont know about their software but I think that software will be very helpful in trading.
There may be some EA based on this strategy. I dont think that that their software will work as an EA. It will just help us in evaluating market according to VSA approach.
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Originally posted by JogiI heard about a book "master the markets" by tom williams. I read some of its pages and it is very logical. Is anyone here using this approach in his trading method?
I also want to know if anybody here is using their software.
If you have this book, can you share it with us?
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Originally posted by Sasha
Originally posted by Jogi
I heard about a book "master the markets" by tom williams. I read some of its pages and it is very logical. Is anyone here using this approach in his trading method?
I also want to know if anybody here is using their software.
If you have this book, can you share it with us?
You can easily find video tutorials and strategies based on this system. VSA book is good if you want to read this strategy in detail. But if you just want to use it in ur trading, video tutorials is a good choice.
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You can get trading volume directly from your forex broker, but the data is local only to your broker. Unless you trade in a major bank you will not be able to get the total volume for the GENERAL forex market.
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According to Top Dog Trading, arent' tick charts a general way to gauge trading volume for forex?
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Originally posted by TheForexDojoYou can get trading volume directly from your forex broker, but the data is local only to your broker. Unless you trade in a major bank you will not be able to get the total volume for the GENERAL forex market.
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Yes. most of the brokers do not give total volume figure. So the broker's volume figure is not useable for trading purpose. I think software by VSA website will give all relevant information.
The good or ill of a man lies within his own will. – Epictetus
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Originally posted by slumbumAccording to Top Dog Trading, arent' tick charts a general way to gauge trading volume for forex?
I think this data will not give correct information of volume. I havnt traded on tick charts but I have read some tick chart strategies. I will read more abt them and then I will be able to understand if they provide correct volume information that is needed for VSA or not.