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Cable Update (GBPUSD)

  • #456,081
  • Oct 26, 2017 9:35pm Oct 26, 2017 9:35pm
I wouldn't mind
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even if you are wrong I never spoke about any candle
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  • #456,082
  • Oct 26, 2017 9:38pm Oct 26, 2017 9:38pm
both our charts hit that line at the same time
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  • #456,083
  • Oct 26, 2017 9:42pm Oct 26, 2017 9:42pm
Ah but it does matter when constructing lines because shift one bar one unit to the left and you have a different alignment.

I have seen as many as five different charts all of the same time period from various people all over the world. Data feed makes a difference, data speed makes a difference, closing times with daylight savings and the like make a difference.

Personally I don't trust the accuracy of charts over the 1hr time frame. Although the tops and bottoms should still be the same, they are often a couple of pips different maybe more in a volatile market.
  • #456,084
  • Oct 26, 2017 9:45pm Oct 26, 2017 9:45pm
GBP/USD at a nice point of demand, may go up no trades in though.
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  • #456,085
  • Oct 26, 2017 9:50pm Oct 26, 2017 9:50pm
If you look here at the daily on the left price has slightly passed through the lower line of the triangle so if it closes inside I will have to adjust it later.

On the right we have the 5 min chart and I see the bears have actually failed at this point to reach the bull support let alone break it.
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  • #456,086
  • Oct 26, 2017 9:51pm Oct 26, 2017 9:51pm
you can't trust mt4 as much as pro realtime
but it's still pretty accurate
here I use this close on the right to draw and I posted the other one 12gmt close because I thought it was easier in the eye
I alter my close to give me an earlier daily for convenience

Quoting Nala66
Ah but it does matter when constructing lines because shift one bar one unit to the left and you have a different alignment. I have seen as many as five different charts all of the same time period from various people all over the world. Data feed makes a difference, data speed makes a difference, closing times with daylight savings and the like make a difference. Personally I don't trust the accuracy of charts over the 1hr time frame. Although the tops and bottoms should still be the same, they are often a couple of pips different maybe more in...
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  • #456,087
  • Oct 26, 2017 9:53pm Oct 26, 2017 9:53pm
I look at this 5 min chart and to get a good notion of price action.... There are no prices on it all all only the average.
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  • #456,088
  • Oct 26, 2017 9:58pm Oct 26, 2017 9:58pm
Quoting Bones
you can't trust mt4 as much as pro realtime but it's still pretty accurate here I use this close on the right to draw and I posted the other one 12gmt close because I thought it was easier in the eye I alter my close to give me an earlier daily for convenience {quote} {image}
I wasn't using MT4 at the time, I changed to MT4 because that better matched other peoples charts.
  • #456,089
  • Oct 26, 2017 9:59pm Oct 26, 2017 9:59pm
its most accurate over h1 by a long way, weekly is super

Quoting Nala66
Ah but it does matter when constructing lines because shift one bar one unit to the left and you have a different alignment. I have seen as many as five different charts all of the same time period from various people all over the world. Data feed makes a difference, data speed makes a difference, closing times with daylight savings and the like make a difference. Personally I don't trust the accuracy of charts over the 1hr time frame. Although the tops and bottoms should still be the same, they are often a couple of pips different maybe more in...
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  • #456,090
  • Oct 26, 2017 10:01pm Oct 26, 2017 10:01pm
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  • #456,091
  • Oct 26, 2017 10:27pm Oct 26, 2017 10:27pm
here's mt4 course pretty much all weeklies are identical
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  • #456,092
  • Oct 26, 2017 10:31pm Oct 26, 2017 10:31pm
if you like lines pro real time is the better platform its free if you trade a small amount live
im not sure the tech on mt4 ,
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  • #456,093
  • Oct 26, 2017 10:37pm Oct 26, 2017 10:37pm
I agree with the weekly because nearly all brokers use the NY close and the Sydney open so any difference would only be about the thickness of the line.

Of course the market doesn't actually close so we see gaps at the weekends because that in when our brokers stopped and started the chart data. Actually my broker stops the data 5 mins or so before the close.
  • #456,094
  • Oct 26, 2017 10:52pm Oct 26, 2017 10:52pm
with h4 the highs and lows are the exact same ,
the data the same only the look is different
the odd candle movement difference from Sunday would have to be at a point for a line


Quoting Nala66
I agree with the weekly because nearly all brokers use the NY close and the Sydney open so any difference would only be about the thickness of the line. Of course the market doesn't actually close so we see gaps at the weekends because that in when our brokers stopped and started the chart data. Actually my broker stops the data 5 mins or so before the close.
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  • #456,095
  • Oct 26, 2017 10:59pm Oct 26, 2017 10:59pm
I can use a different close demo to draw that rising line
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  • #456,096
  • Oct 26, 2017 11:00pm Oct 26, 2017 11:00pm
and mine the yellow one
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  • #456,097
  • Oct 27, 2017 1:11am Oct 27, 2017 1:11am
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  • #456,098
  • Oct 27, 2017 1:25am Oct 27, 2017 1:25am
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up and down . Cable givith and cable takith away hope you scalpers where on that 5 min chart
  • #456,099
  • Oct 27, 2017 1:28am Oct 27, 2017 1:28am
Quoting elbert3
{image} up and down . Cable givith and cable takith away hope you scalpers where on that 5 min chart
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look at the green line . Do we think it's broke the 4 hour bottom line ?!!!
  • #456,100
  • Oct 27, 2017 1:29am Oct 27, 2017 1:29am
Or is it back up to 3200
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