We are really blind to the real action that is happening. We only get a few simple tools to find a way SOMEHOW to make some money. Tick speed over a period of time and volume only offers us a tiny advantage. I have both up on separate monitors, the volume I get is from FXCM and it supposed to show that brokers volume. It all helps but in the end -
ITS NO TRADING EDGE.
FX Ghost said it well. The action starts from accumulation zones ( Sorry can't say the word Resistance/ Support / Demand / Supply ) and moves away. Which direction it moves is the problem that has been confronting traders from the first trading day 500 years ago in Holland.
What I am doing differently from most traders is I am trading TOWARDS targets inside accumulation zones and taking profit there. My entry's are from spikes in the other direction like Sharks showed on his charts before.
FXCM Data - Real Volume on Top, Number of Transactions on Bottom.
