Make Sure your on the same page or you will be trading blind

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PoorBanks
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Make Sure your on the same page or you will be trading blind

Postby PoorBanks » Mon Jun 22, 2009 4:37 pm

Triggers appear and traders make calls from what they are seeing, how ever you do not see what they see, why and what is the solution to this problem?

It is quite simple you need to find out from the person making the call from whom did they download there charting from, here I am talking about the MT4, because in a brief study I have found that most MT4 brokers do not use the US close and this dose make a differences.

For instance the one making the calls is using the US close but you are not, you will not see the same thing on your chart as him even if you have loaded all indicators exactly the same way as the one making the calls, you can see an example of this in the charts that I have posted the charts were printed at the same time as each other both using the M15 time frame all indicators were loaded the same way they are from two different brokers one uses the US close & the other dose not, you may have played this game that comes with your crossword puzzle it is called spot the difference.





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Humble
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Postby Humble » Tue Jun 23, 2009 4:26 am

Ok I give up, you sure this just not down to a different broker feed?

I thought different brokers start of day times effected the daily and four hour charts only.
Is price closing higher or lower than something? Simple yet powerful question. ..MO

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monolisa
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Postby monolisa » Tue Jun 23, 2009 7:33 am

I concur with Humble - don't think open/close time has much impact on the indicator.

Look at the feeds - they ARE different (spot the difference:))

Lis

PoorBanks
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Postby PoorBanks » Tue Jun 23, 2009 9:52 am

Humble wrote:Ok I give up, you sure this just not down to a different broker feed?

I thought different brokers start of day times effected the daily and four hour charts only.


This is not uncommon, it?s just that people tend not to look into it

PoorBanks
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Postby PoorBanks » Tue Jun 23, 2009 9:52 am

I did this test with two brokers and as I said they have different timings on their charts here they are you can down load and try it for your self

1-MIG Trading Station
2-GCI MT

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monolisa
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Postby monolisa » Tue Jun 23, 2009 10:39 am

If you check out the tick volume of each broker you will see why there's a difference. It's a feed issue.

The codes of SV reveals the "truth"

...StopVolLow = cVOLUME > pVOLUME ...

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noone22
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Re: Make Sure your on the same page or you will be trading b

Postby noone22 » Tue Jun 23, 2009 10:48 am

PoorBanks wrote:most MT4 brokers do not use the US close and this dose make a differences


I could not see any proiblem here.

Why on Earth I would be interested in "most MT4 brokers",
I have my own borker' charts to watch.

What is US close - price or time or something else
and why usage/non-usage of it makes any difference?

My broker is from US and does use US (NY) close and open
(both time and price and volume).

If other brokers doesn't and this creates a problem -
you probably know, what to do
(I'm not giving any advice anymore).

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Shinobi-X
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Postby Shinobi-X » Tue Jun 23, 2009 11:33 am

MBT, FXDD opens one bar ahead of Alpari UK (H1 bar) but the end result (if you use H1 as your base TF and DTB) won't differ.

The feed, however, is what will slightly differ the entry/exit point if you are trading using any TF below H1. When you drill down to scalping off S1 (one second) TF...the tick is what counts. Well, different trader have different opinion regarding this specific matter though IMHO.

Have a good trading all.
The gap between reality and dream is called action.

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monolisa
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Postby monolisa » Tue Jun 23, 2009 11:57 am

I think people should note that SV is sensitive to volume. If volume feed varies among brokers (which I think is always the case), then different broker would give different SV signals.

Lis
"Know your enemy and know yourself, find naught in fear for 100 battles. Know yourself but not your enemy, find level of loss and victory. Know neither your enemy or yourself, wallow in defeat every time." - Sun Tzu

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Shinobi-X
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Postby Shinobi-X » Tue Jun 23, 2009 2:05 pm

monolisa wrote:I think people should note that SV is sensitive to volume. If volume feed varies among brokers (which I think is always the case), then different broker would give different SV signals.

Lis
Yes, indeed. However, the different won't be too far off. It should be OK if you trade using H1. That's why MBT's (or other ECN or CNX) the better choice if you're into volume-based trading because you can see the volume via lvl.2 market depth. Some guys that I know back in NJ don't even see chart to trade and only look into the market depth. Ladder scalping.

Have a great trading all..
The gap between reality and dream is called action.

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