Also, the banks have retail traders on a string, if you try to trade very short time frames you'll get murdered because they know everyone uses fibbos, MA crosses, etc. and they exploit that to the hilt. This is war, chief. It is not friendly business like everyone around FF wants it to be. Nobody makes new money every day. There's only so much money to go around. It is a zero-sum game. If you make money, someone else lost it.
They cannot lie about the daily close because it's published in the Wall Street Journal. They can, however, lie all day long about the close of a 6-pip candle on a 5-minute chart, and they do...
They cannot lie about the daily close because it's published in the Wall Street Journal. They can, however, lie all day long about the close of a 6-pip candle on a 5-minute chart, and they do...
"The time to act is when others show signs of tire." --W.D. Gann