I want to ask if anyone is using tick volume/counter/buyer&seller information to trade near/on S/R areas/Pivot points/fibonacci lines?
Seems to me like a good idea but I don’t know if seeing the activity through the tick volume is possible and useful. I can’t find much info around about this type of analysis so I just wanted to know if any short term traders are keeping this idea to themselves as a holy grail!
If anyone is using, let me know how you interpret 
Volume change is an excellent filter, but you have to understand what it portends (if anything). In other words, there are times when a change in volume is an indication of something that is about to happen and there are other times when it is simply an indication of something that already happened. An example of the latter is interest rate news. First the news, then the volume increase.
There are several books about technical analysis that are totally incorrect about the significance of volume changes.
I don’t use volume changes as a primary filter, I use them as a confirmation filter of something I already expect to occur.
I can also tell you that Fibonacci lines are a rather crude approximation of a much more powerful filter. When they “work”, it’s only because they happen to correlate with another filter.
Volume changes are a much, much more powerful clue to the future than Fibonacci numbers.
I assume you are referring to Welles Wilder’s stop and reverse. I would pay more attention to his RSI, and in particular what he calls a “failure swing.”
By “pivot points” are you referring to Tom DeMark?
Volume in forex is your broker volume though isn’t ti and not the actual market volume and therefore worthless.
Wrong.
It’s usually not your broker’s tick volume but rather the broker’s interbank partners tick volume and therefore it’s not useless.
Check your facts before you give out advice/opinions
Wasn’t advice, it was a question. I just forgot to put the question mark at the end 
I was going off someone elses advice on this forum that it was useless. If it’s the interbank volume then is that the proper forex volume. I thought it was impossible to get volume for the forex market because of all the different brokers, banks and other institutions involved.
That’s right. A stock is traded in only one place, or a very limited number of places on the planet. So the volume is known.
Individual banks can be trading billions and there’s no reporting of how much volume is being traded. There’s no centralized “exchange”.
volume as displayed by mt3.xx or mt4 is tick volume, which does not accurately indicate transaction size or number of transactions…just the number of ticks for any given bar.
Well, you guys are obviously much smarter than I am so best of luck to you!
this depends on your broker… it can be true for some bucketshops and false for others…
Ok, I see.
What I’m trying out is just short term trading price action and S/R lines (when I say S/R, I mean any significant level that you can bounce from … or price goes through… there are pivots, swing highs/lows, murrey maths lines and the list goes on )
Anyway, I have an MT indicator where I see buyers/sellers tick data for every time frame. So wouldn’t this be useful for confirmation of a reversal or continuation? I’m actually not sure what I’m looking for and at. Sometimes, for example, market reaches a level and I look the b/s tick data and there is a significantly more buyers and sellers and the market blows right through giving me a 10-20 pips win, also same for reversal, but others times I see higher number of one group but then it does the opposite. Seems unreliable but I just got started on TA so I probably interpreting wrong 
?
Anyway, I’m just trying to find confirmation with tick to see if it has value.
And yes, I know brokers tick is all different, and brokers volume is not reliable but tick does show activity and thats why I think it should have value but that’s opening up another can of worms so please don;t discuss here
Thanks for the discussing!
Ahh
Sorry about the harsh language
Yes, quite right. One must be careful choosing. Comparing several brokers will pretty fast show which ones correspond and which ones that seem to display their own internal tick data.