And you don’t! 
We’re working on something in the office whereby we get access to volume data from the folks who run the Reuters forex dealing platforms so we can use it in our market analysis. Right now I can only see the current day’s data to a given point in time (we’re working on expanding that). The chart below shows Tuesday’s distribution actual traded volume by price level for GBP/USD.
Click for full-sized image
By way of comparison, here’s the price time distribution for GBP/USD on the day. You’ll notice the similarity of the two distributions, but also the differences in the upper part of the day’s range.
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About the Author
John Forman, author of this blog, has traded for more than 20 years, is a professional market analyst, and authored The Essentials of Trading. He is an active participant in trading forums, consults for trading related businesses, as published literally dozens of trading articles, and has been quoted in a number of books and in the media.
** See John’s full bio.
