I'm hoping to renew this conversation, as I am also currently reading Anna's book on Volume Price Analysis and attended one of her online "classes", (which was basically just a "trading room" hosted by her and her husband for 2hrs of looking at her charts & talking about their rather expensive software).
Although the concept of matching volume and currency strength makes a lot of sense, I was under the impression that accurate "volumes" for Forex were basically impossible?
I can understand how this would be extremely helpful in commodities, stocks, even indices; does the available information for currency pairs even mean anything if it's not "accurate"? I've seen currency strength indicators in several places, (that's what Complete Currency Trader by James Edwards is based on), and obviously individual currency strengths would affect the currency pairs; but on ALL the different time frames? As I've seen watching CCT's indicator (free on their website) AND at Anna's class the other night, the strengths can differ WIDELY between 5, 10, 15, 30, 60 and 240 minutes and even more if you do Daily! Perhaps I just haven't gotten to that point in the book; but I don't understand how you can take "readings" for a currency pair, pointing 4 different ways (i.e.: 5 min strong-strong, 15 min strong-weak, 60 min weak-strong, daily weak-weak: these were actually the readings for USDJPY yesterday); to form ANY kind of conclusion, whether scalping, swing or long term trading?
I plan on sending Anna an email when I get further along in the book-it DOES have some good basic information. I think along with the above, my main problem with her so far is that she claims to use "simple price action"-but I believe she had the prettiest, but most complicated charts I've seen since beginning this journey!! Her books also have very mixed reviews, several from supposedly experienced traders weren't very polite. I reserve my judgement as she and her husband DO bring over 30 years each of experience into their teachings. I WOULD love any input from the wonderful folks here at FPA!