What is your point?? I am fully aware that there is no central exchange in FX and I am fully aware that the use of volume in FX trading is nothing more than a guide at best. So you are telling me nothing new. I don’t know if you know the difference between volume and volume at price. I have posted a chart of the EUR with volume at price bars on that chart. Where there is the strongest volume is called the point of control and it is normally where there has been or is accumulation or rather consolidation of price and you can be sure it is a point of high liquidity.
Having said this it is again only a guide but viewed by me as a point of interest and I will watch price action at that area for potential trades.
One thing that I will say is I find it strange when traders say I don’t want to reveal my trading strategy or the way I trade for fear that someone will copy my trading style and steal my edge. This is nonsense. I don’t care who I tell about the way I trade because I can tell a dozen people and I guarantee that they will not be able to make money because they don’t see the charts the way I do. I am a discretionary trader and I see what is happening and know what is going on. That takes a loooong time to learn and even then some never learn that skill. Having said that I don’t always get it right and that is just trading.
In regards to Wyckoff, Wyckoff is a very old style of trading that has stood the test of time. But it was designed for the stock market and it is very affective. It can be used on commodities but I give it little value with the Spot FX Market.
I will say this. Who cares how people make money in this game. I certainly don’t. What works for some may not work for others. There is no right or wrong way to trade. You just have to know how to trade successfully.
Blackduck