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  • #47,261
  • Edited 2:40pm Nov 26, 2008 2:25pm | Edited 2:40pm
Quoting traderathome
What broker started this gap crap?
There used to be a thread here long time ago where all this gap stuff got exhaustively discussed by some very good traders (the only kind a'rd back then probably...) I found it well after the fact and read it thru, as IBFX at the time had alot of data feed problems causing me problems on my live account and had not yet upgraded their servers. The demo platform later got it's own server freeing up the live server, and the problem was greatly improved.

As I remember it, the consensus of the thread was gaps were and are just data breaks. that's all price is anyway as far as we're concerned... whatever the price or data is that OUR broker decides to show us.

True ecn's would be a different story with different issues...

I've looked at psi's gap charts and found that yes there are those little 1-3pip microgaps he says there are, and I initially couldn't match my ibfx charts up to his until i pulled up a demo 5m chart. So my live 5m chart has different candles (and gaps) on it then my demo 5m chart from the SAME broker... but i already knew that and it's not normally an issue.

The reason is just what I stated last night... IBFX gives less priority to their demo servers than their live ones. For example, when price is moving fast, live accounts get the bandwidth priority, also the demo reboot times everyday are different and not nearly as fast. When they do come back up, there's almost always a decent gap on the demo charts that is NOT there on my live charts... you get the picture.

My ibfx platform is really just for order execution anyway as I use my accucharts for everything else chart related including entry/exit triggers. It's a complicated dance sometimes, but I'm used to it. I don't think I've ever seen those microgaps on accucharts but i have to admit i don't look for them either.

So I'm not sure what the point is really about these gaps. If they're only on one brokers charts, and that broker has different gaps on it's own charts between live/demo, how's that supposed to work for anybody else knowing up down or sideways?
FUBAR...
  • #47,262
  • Nov 26, 2008 2:30pm Nov 26, 2008 2:30pm
Anybody know what caused 100 pip spike on g/u
Trade less make more!
  • #47,263
  • Nov 26, 2008 2:37pm Nov 26, 2008 2:37pm
Quoting doughnut
Anybody know what caused 100 pip spike on g/u
at this hour of the day anything can happen. normally stop hunting....
  • #47,264
  • Nov 26, 2008 2:41pm Nov 26, 2008 2:41pm
Pivots for today from 5pm
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FUBAR...
  • #47,265
  • Nov 26, 2008 2:46pm Nov 26, 2008 2:46pm
Quoting doughnut
Anybody know what caused 100 pip spike on g/u
This 00:00 candle spike on G/U could be called "let me catch all the swaps I can 'cause it's wednesday"... (sort of a hit and run weekly biz).
  • #47,266
  • Nov 26, 2008 2:46pm Nov 26, 2008 2:46pm
weekly pivot ranges triangle....
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  • #47,267
  • Nov 26, 2008 2:53pm Nov 26, 2008 2:53pm
Quoting doblece
This 00:00 candle spike on G/U could be called "let me catch all the swaps I can 'cause it's wednesday"... (sort of a hit and run weekly biz).
They got me good -30 pips still ahead 80 pips i call that legal mafia curuption lol
Trade less make more!
  • #47,268
  • Nov 26, 2008 3:00pm Nov 26, 2008 3:00pm
Quoting doblece
This 00:00 candle spike on G/U.
no spikes like that on fxsol or ibfx feeds
FUBAR...
  • #47,269
  • Nov 26, 2008 3:00pm Nov 26, 2008 3:00pm
Quoting doughnut
They got me good -30 pips still ahead 80 pips i call that legal mafia curuption lol
It's the traders... swaps are paid triple on wednesdays so on pairs with a good amount of overnight rates there is usually a surge in the last few minutes of the day... or the first candle as a result of the previous activity.
Swap scalping, sort of.
  • #47,270
  • Nov 26, 2008 3:11pm Nov 26, 2008 3:11pm
Quoting ak4x
no spikes like that on fxsol or ibfx feeds
Thats odd dam Oanda there getting greedy
Trade less make more!
  • #47,271
  • Nov 26, 2008 3:33pm Nov 26, 2008 3:33pm
Quoting emda
weekly pivot ranges triangle....
kinda reminds me of a bollinger squeeze
  • #47,272
  • Nov 26, 2008 3:38pm Nov 26, 2008 3:38pm
I see what you mean now ( i realize this post if from an hour or two ago) The gap between the candle body close and open of the next.

Is IBFX a fixed or variable spread? Could the gap just be the spread? I was looking at the gaps on my 5m chart on FXpro and the gap is looking about the same size as the spread 1 pip in most cases FXpro is variable so the gap seems to stay in the same range as the spread. maybe all it is? Or the time for your charting software to close one candle and open the next.. maybe? Gives you something to do i guess to investigate them further and see if they have any real relevance. You obviously stare pretty closely to the PA to notice these hehe.. but finding something that that not many notice might give you a slight edge..

Quoting psiholog
here is a perfect example of the "common gap" that i have mentioned quite a bit lately. keep in mind this is ibfx i dont know if they are visible on other broker platforms. Note that each individual gap was filled at some point or another. If there is a gap and lets say pa moves up 30pips higher...most often pa will come back to fill those gaps. In the last few minutes notice there was a 3pip gap between candlesticks. that gap is guaranteed to be filled as all gaps higher then 1pip do end up getting filled.

Conclusion..given that all gaps from...
  • #47,273
  • Nov 26, 2008 3:39pm Nov 26, 2008 3:39pm
it's the second time we have touched the R2 weekly... l ook what happened the previous time in september... on the other side.. we haven't touched the weekly support2 for 5 weeks...

Thinking shorting with target 1.2220.. I'm speaking of weekly charts... don't tell me I'm crazy. Stop above R3. it's a good ratio. what do you think?
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  • #47,274
  • Nov 26, 2008 3:50pm Nov 26, 2008 3:50pm
Quoting psiholog
here is how i would play such gaps. note that since my last post all 5min candlesticks have had gaps in between them. So i know pa will go back up...how do i know when to enter the market?...when a strong support is reached. That support at the moment is 23.6% fib retracement from the high at 1.3080 to the current low. and yes i did put a buy here with a tight stop loss...take profit where all these gaps began...the 1.2900 level

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I notice i have at least one of the same gaps and took a measurement
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  • #47,275
  • Nov 26, 2008 3:54pm Nov 26, 2008 3:54pm
Last Law of Trendodynamics = Every gap, no matter how big or small, ultimately gets filled.
The Thief of Wall Street
  • #47,276
  • Nov 26, 2008 4:05pm Nov 26, 2008 4:05pm
Quoting Dansnali
I see what you mean now ( i realize this post if from an hour or two ago) The gap between the candle body close and open of the next.

Is IBFX a fixed or variable spread? Could the gap just be the spread? I was looking at the gaps on my 5m chart on FXpro and the gap is looking about the same size as the spread 1 pip in most cases FXpro is variable so the gap seems to stay in the same range as the spread. maybe all it is? Or the time for your charting software to close one candle and open the next.. maybe? Gives you something to do i guess to investigate...
i honestly dont know how the mechanism works. each broker is different with different "data feeds" as ak4x put it. the difference is ibfx has 4 numbers after the decimal while fxpro has 5...this confuses me therefore im not even looking at fxpro demo account anymore. lets consider this tool one of many in my trading arsenal which does not involve indicators. my strongest tool right now is this...

the head and shoulder mentioned earlier is developing nicely as the chart will show. my only addition to this is we have developed a downtrend in the past 24hours with the upper wall currently at where the tip of the right shoulder should be. in other words....asian session should push price up to 1.2950/60 after which the downtrend resumes...we will see

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Different opinions highly valued, ignorant to slander.
  • #47,277
  • Nov 26, 2008 4:32pm Nov 26, 2008 4:32pm
Quoting Chicky
Last Law of Trendodynamics = Every gap, no matter how big or small, ultimately gets filled.
That's good news... you made my night.
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FUBAR...
  • #47,278
  • Nov 26, 2008 4:54pm Nov 26, 2008 4:54pm
Lost my original eu short at +14 pips and re-entered at 2904 whem the UJ/GY run-up failed at the upper 20m BB's. Hung on to my EJ short from 23.66 but just barely by a couple of fat whiskers... ibfx was jacking spreads up to 3x normal.

scaling some out and going to watch some movies, eat turkey sandwiches, and call up some of my good buddy First Nations friends and remind them how lucky they are that my ancestors discovered their ancestors...

have a pippin good evening all.
FUBAR...
  • #47,279
  • Nov 26, 2008 5:15pm Nov 26, 2008 5:15pm
a final thought here on eu... this could easily be another range trading night, with the frankie/london gang taking things a step further each way from asia... very similar to last nite's pa which I posted on this morning.

range trading can be some of the more profitable trading (relative to risk)there is especially if you go both way between the BB's, but man it's mind numbing stuff.

at this point i'm settin a TP just above M2 hoping to catch a late asia or early london move down, and similar things on my ej trades and calling it all good for the evening. careful trades all
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FUBAR...
  • #47,280
  • Nov 26, 2008 5:31pm Nov 26, 2008 5:31pm
Quoting ak4x
That's good news... you made my night.
Food for thought. Psi should add word Lovely to the suggested definition!
The Thief of Wall Street
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