Problem with candles. Any ideas?

Hi all,
I ve got this question that has to do with candles and brokers.

Suppose I have two or even three different brokers I m trading with. Broker A, Broker B and Broker C.

Whenever i m looking into a candle price (open/close/high/low) on a chart on Broker A, on Broker B, the very same candle price differs.

Generally almost all candles have more or less different open/close/high/low prices on all three brokers. I know this is normal since there is no central forex exchange platform and each broker has its own exchange.

But as a result of this, i cant be sure when a new candle opens, if this new candle is an inside or an outside candle since on Broker A i have the scenario:
Candle 1 close: 1.43561
Candle 2 open: 1.43561

on Broker B scenario:
Candle 1 close: 1.43561
Candle 2 open: 1.43564

and Broker C scenario:
Candle 1 close: 1.43560
Candle 2 open: 1.43559

and so on. You cant even rely on candle patterns while they are forming but only after they are fully formed. But then in most of the times is too late to take a decision to enter or exit a trade.

So how do i handle this? Should i use candle patterns?(inside,outside,tweezers,dojis etc) or is it better to just ignore them?

Because i just cant stand and listen to gurus keep talking about candle patters etc but on a chart on that is already there.

TFs I m looking at are from 5m up to 4H.

Thanks

Athan

Athan,

Please understand that different brokers will execute different feeds based on their spreads or commissions. And depending on the time that feed gets recorded as data onto candle charts will vary Second to second. It is important to stick with one broker when charting and using them for technical analysis to gage a method for trading. That way which ever method you choose to use will be consistent with your trading.

thanks a lot for your reply!

Is it better to use a broker for my orders and use another service for my charts? There are some services that they say that they take feed from 140 different brokers and banks (140 in total) and giving you an average.

Or should i just use a broker charts and thats it?
Is there a difference from a large to a small broker?

Thanks

Athan

that can be the problem with using multiple brokers and confusing yourself. One brokers pattern may be completely different, so if you are trading PA and have 2 different candle setups how do you read the possible next move.

There is really no reason to trade with multiple brokers unless you have large accounts that you may have trouble filling orders through (ask Wayne Jackson). That said, just stick to one broker for primary trading and charting, become familiar with it and in the end if you need to trade through a second broker use the info derived from the initial broker for order placement through the others.

For example use broker A for you charting analysis and place orders based on that info into both Broker A and B (C D E for however many you need). This will minimise confusing.

Razor