Different Liquidity Provider Different Brokers And also give Different price. I find this very troubling too because i am very particular about the Open and Close of Candles that makes up my Setup for Entry and Take Profit. Have seen cases where i measured a 70pips T.p level based on the candle formation i saw on my chart only to have the market move only 45pips and reversed completely. later on checked same trade on different broker with different Liquidity provider only to find that the T.p was suppose to be 45pips based on the unique formation i look for.. So now I try to use 2 different broker with different Liquidity Provider... Tedious but a necessary evil. Unless i find a better way to compensate.
i was thinking on this line as well,if our broker does some cheating on price action, does this really happen. This area needs to be discussed.we cant get this info from other resources.
what do you mean by different liquidity provider broker?
I find again that brokers with different time zone like GMT+1 and GMT+2 will have different price formation on chart.
A 4hrs candle will form differently on the chart of this two brokers. where the GMT+1 broker will have the Open/close of a 4hrs candle earlier than the GMT+2 Broker.
Imagine you are trading price formation, this will give you total different information on chart.
On the one broker you might find a Hanging man at the close of the 4hrs candle and on the other at same time it might just might have become a full candle at the close of that 4hrs 1 hr late from the first broker.
So the participants of the market worldwide have different prices formation as a result of the broker's time zone. A GMT+1 Broker price formation is different from a GMT+2,GMT+3 ....
Question
How do you trade price formation with this differences. A Close of a breakout for confirmation of Entry on a different broker might end up not been Closed .
