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Most volatile EU/GU/XAU/BTC trading

Quoting Mihajlou
Ryuryu, I am receiving data (recent trades) via API from Bybit. And currently I am not connected to any broker.
You are connected to broker named Bybit.

If you got data from bybit then you got bybit data yes. If you want to make "full picture" then you have to get data the same way from other exchanges. There are some big ones like FTX, Binance, Bitfinex and others.

But they key here that you don't need it. If you are trading on binance then you must have binance data. There is no need to see average "some" from all over the world.

We are using volume data to determine IF the volume is tradable. Who cares if it is tradable on binance if I'm trading on bybit?

For example on bybit now only LINK is tradable for me (since I'm trading shorts only)

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And I don't care what happening on Huobi exchange for example. What this information is for? I have no assets on Huobi. I have assets on bybit and my bots are trading on bybit.

Also. Imagine you have 100$. Then if volume of the asset is 100000$ per minute you can trade it. For example you have rules like that. Also you calculate average volume and then you have "oh, FTX vol is twice more then average". But "average" for FTX and this coin is only 5000$. See?

That's why you have to analyze data from the exchange you are trading at.
Observer effect
Quoting ryuryu
{quote} You are connected to broker named Bybit. If you got data from bybit then you got bybit data yes. If you want to make "full picture" then you have to get data the same way from other exchanges. There are some big ones like FTX, Binance, Bitfinex and others. But they key here that you don't need it. If you are trading on binance then you must have binance data. There is no need to see average "some" from all over the world. We are using volume data to determine IF the volume is tradable. Who cares if it is tradable on binance if I'm trading...

Thank you for the reply. That is logical, yes.

But, what about the influence that other volume has on price change? For example: What if today only small traders are trading XRP/USDT in Bybit, but there is Big player on Binance. I assume, that the influence (effect) he will have on the (general) market will be present also on the Bybit exchange, but the volume on the Bybit will not show me the real reason why this move happened... So my analysis of the market will be wrong/not accurate. Or am I not seeing/interpreting something correctly?
Or: How can I be sure that the "Big player" I see on Bybit will be "stronger/bigger" than the Big player on Binance? (How can I be sure which Big player I should follow?)

Do you know what I am trying to explain/ask?

Best regards.
Quoting Mihajlou
{quote} Thank you for the reply. That is logical, yes. But, what about the influence that other volume has on price change? For example: What if today only small traders are trading XRP/USDT in Bybit, but there is Big player on Binance. I assume, that the influence (effect) he will have on the (general) market will be present also on the Bybit exchange, but the volume on the Bybit will not show me the real reason why this move happened... So my analysis of the market will be wrong/not accurate. Or am I not seeing/interpreting something correctly?...
Hi Mihajiou

The data we read is based on time and sales coming out of a single exchange. Eyes are however watching all exchanges at the same time so if a big buy occurs in one exchange, many buyers will copy the same trade within a split second on other exchanges for a instant profit (to fast for the retail trader generally) so any big movement will be seen everywhere within half a second. If there is a delay between exchanges, it will be brief.
The bigger issue is data can be different between brokers due to lack of liquidity on each individual exchange. In fact only a few brokers have enough liquidity to be able to trade anyway so it’s best to only trade and trust the data out of a market that has at least $100,000 worth of sales in a minute.

The goal of a volume trader is to trade data and therefore a market that shows buyers are pushing up the market or sellers are pushing down the market. In other words, we want to trade markets with low absorption. Forex markets often are totally absorbed by bigger players making data ready incredibly difficult. I have said it once or twice before, GBPUSD is a nasty market to trade for volume traders, trading high volume crypto markets is like having sex on a park bench.

Its quick and satisfying and rewards are measured in the amount of effort required to put a smile on your face.
Trading thin liquidity at the boundary of the charts
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Quoting Mihajlou
{quote} Thank you for the reply. That is logical, yes. But, what about the influence that other volume has on price change? For example: What if today only small traders are trading XRP/USDT in Bybit, but there is Big player on Binance. I assume, that the influence (effect) he will have on the (general) market will be present also on the Bybit exchange, but the volume on the Bybit will not show me the real reason why this move happened... So my analysis of the market will be wrong/not accurate. Or am I not seeing/interpreting something correctly?...
As I see since 2017 all major crypto exchanges are under same algos. So if the volume comes on one it will come on other too. Because big player need to hide their money and spread it to multiply exchanges.

Also. When you will check data quality from several exchanges you will see, that the quality of data is not equal. For example binance data is fake for sure, but bybit, bitmex, bitfinex is crystal clear very good data.
Observer effect
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