How to use tick volume in forex youtube

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Part of a video titled How To Use Tick Volume To Identify Entries In Forex Trading ...
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Right off ticks here this is the tick volume indicator. And the good thing about this particularMoreRight off ticks here this is the tick volume indicator. And the good thing about this particular tick volume indicator. It tells us that. It was buyers a volume. It was buyers volume.

What is “tick volume” in forex?

Secondly, when you’re looking at volume data on your Forex platform, you’re actually seeing “tick volume”, and not actual volume traded, such as the volume with a stock chart. “Tick volume” measures the number of times the price ticks up and down.

Why can’t I use volume in forex trading?

There is a common misconception that volume cannot be used reliably in Forex trading for two reasons: firstly, there is no central exchange and therefore no official volume data. Secondly, when you’re looking at volume data on your Forex platform, you’re actually seeing “tick volume”, and not actual volume traded,…

What causes tick volume to fluctuate in trading?

Second, the main contributing factor to tick volume values is the broker’s data feed. Forex brokers use different data feeds based on varying combinations of liquidity providers. This results in discrepancies between what tick volume shows at one or another broker; sometimes, these discrepancies are quite significant. Why tick volume is good?

What is the tick volume indicator?

What is tick volume? The tick volume indicator is measuring every trade whether up or down and the volume that accompanies those trades for a given time period. If you are a day trader or a short term swing trader, tick volume analysis will assist you in sizing up the market on an intraday basis.

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How do you trade with tick volume?

How to Trade Using Tick VolumeIdentify a pivot point.Analyze tick volume of pivot point.Compare volume on retest of pivot point.Analyze price action on retest of pivot point.Initiate trade based on price and tick volume at pivot point.


How do you read tick volume Indicator?

0:163:32Tick Volume: Is it useful? – YouTubeYouTubeStart of suggested clipEnd of suggested clipSo the assumption here with tick. Volume is that if prices change 100 times for example in fiveMoreSo the assumption here with tick. Volume is that if prices change 100 times for example in five minutes that there’s a higher activity. Than if prices. Changes only 50 times.


What is the difference between volume and tick volume?

Real volume would be how many lots were bought/sold during a bar and tick volume is how many times the price changed within that bar.


How accurate is tick volume?

These researchers have been supported in their endeavours by the work of Lee and Ready (1991) which suggests that the tick rule is 90% accurate.


How do you count ticks in forex?

A price change, then, from 1.2345 to 1.2346 would represent one tick. Ticks do not have to be measured in factors of 10. For example, a market might measure price movements in minimum increments of 0.25. For that market, a price change from 450.00 to 451.00 is four ticks or one point.


Is volume useful in forex?

Volume is a vital indicator for most traders and we can use it to add depth to our trading and increase our win rate. The most effective strategy for using a forex volume indicator is to use it in conjunction with key trading levels and price action.


How many ticks do you need for day trading?

The three best Tick Charts for Emini day trading are the 500 Tick, 1,500 Tick and 4,500 Tick Charts. I use these in my multiple time frame (MTF) analysis of the Emini. The lowest timeframe (500 Tick) is great for timing an entry or exit.5 Compelling Reasons to Use Tick Charts – Emini-Watch.comhttps://emini-watch.com › emini-trading › tick-chartshttps://emini-watch.com › emini-trading › tick-chartsSearch for: How many ticks do you need for day trading?


How are tick charts calculated?

The bars on a tick chart are created based on a particular number of transactions. 2 For example, a 512-tick chart creates a new bar after every 512 transactions. You can customize tick charts to the number of transactions you want; for example, five ticks or 1,546 ticks.Tick Chart vs. One-Minute Chart for Day Trading – The Balancehttps://www.thebalance.com › tick-chart-or-1-minute-char…https://www.thebalance.com › tick-chart-or-1-minute-char…Search for: How are tick charts calculated?


What’s a tick chart?

Tick charts represent intraday price action in terms of quantity of trades: a new bar (or candlestick, line section, etc.) is plotted after completion of a certain number of trades (ticks). This aggregation type can be used on intraday charts with time interval not greater than five days.Tick Charts – thinkorswim Learning Centerhttps://tlc.thinkorswim.com › charts › Chart-Aggregationhttps://tlc.thinkorswim.com › charts › Chart-AggregationSearch for: What’s a tick chart?


Why tick volume is bad?

First, the main idea of tick volume is flawed — one tick (price update) may be caused by either a small volume trade or a very large trade — it will not be accounted for in the tick volume, which will increase by one notch only. Moreover, big trades may happen within the broker’s current price spread, which will not generate a tick.


Why tick volume is good?

Given the lack of real volume information in the foreign exchange market, tick volume serves as the best estimate for this “real” volume that retail traders can find.


Tick volume discrepancies

Here are some examples of EUR/USD tick volume discrepancies at two online brokers and for the EUR futures contracts (continuous).


Conclusion

As you have noticed, tick volume changes sometimes do not hold even between two brokers. At the same time, a change in volume (the volume at bar N is higher than the volume at bar N−1 or vice versa) is crucial to operation of such popular indicators as Better Volume and Volume Suite.


Why is volume important to understand?

Volume is required to move a market, but it’s a particular type of volume that really matters: institutional money, or “Smart Money”, which is large amounts of money being traded in a similar way, thus affecting the market greatly. Only volume shows when price is being affected by this type of activity.


Is Forex volume reliable?

There is a common misconception that volume cannot be used reliably in Forex trading for two reasons: firstly, there is no central exchange and therefore no official volume data.


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