Yeeeeeeeeeeeah, so. Those spot forex traders among us don't get to see the volume in these opaque as shit OTC FX markets. BUT, we can see some volume. Lookup the corresponding futures contract and keep track of its volume this way. Using the free demo software from saxobank, called saxotrader, you can see all of the currency cross futures volume. Bitch, I already got paid buying that EURGBP breakout after the volume spike notated below then sellin out right before the close with 11 pips, but since eurgbp pips are 1.5 pips when converted back to usd so it's REALLY 16.5 pips!
AN EXAMPLE
See that fuckin volume spike on the EURGBP on an hourly chart??? That was Friday morning. After this we see EURGBP rise and we make profitzzzzzzzzzzzz!
If you need any help trackin down that Saxotrader, let me know I'll hook you up.
Everybody in the club gettin pipsy.
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