DislikedHi guys,
maybe some1 can answer this question, every MT4 broker's that have different timezones will show the close of daily weekly candles differently,(eg. one broker might look like a pin bar and the other not) is there a suggested broker that most of u use as to not have this confusion.
thx on advanced
I have attached the 2 brokers platforms that i use. you can clearly see the difference between the daily charts here.Ignored
Just to add to what Adilius had said . .
Many brokers will have different closing time due to the GMT times they use. All this shows is Price being chopped up differently.
What they do have in common is where Price acts as Support and/or Resistance. . .the PPZ level. A very important factor when trading the James16 methology.
Usually when Price breaks through a Support level, and closes below, this level will now act Resistance. ..and vise versa. (chart)
PA formations are important . . their Size, Structure, etc., . . but it is their Location with supporting confluences that are the key to their success.
This little PB's success (hitting its target; previous bars lows), had more to do with its location than with its lack of Size, Space, traffic, etc.
Jim
Indicators show the past. Price Action "Indicates" the future.