Is anyone else seeing much higher spreads on EURUSD and GBPUSD after the Frankfurt open on Razor? Usually I'd see 3-5 on EURUSD and 5-7 on GBPUSD, but now I'm seeing 5-8 on EURUSD and 7-10 on GBPUSD.
- #2,681
- Oct 17, 2014 1:39am Oct 17, 2014 1:39am
- | Joined Jul 2009 | Status: Trade. Review. Improve | 1,018 Posts
- #2,683
- Oct 19, 2014 10:57am Oct 19, 2014 10:57am
- Joined Mar 2007 | Status: Symbol | 2,788 Posts
FF journal: Peaks and Troffs
- #2,685
- Oct 20, 2014 3:06am Oct 20, 2014 3:06am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Doing what you like is Freedom. Liking what you do is Happiness.
- #2,691
- Oct 29, 2014 1:54pm Oct 29, 2014 1:54pm
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 6,093 Posts
Simplicity is the ultimate sophistication - Leonardo da Vinci
- #2,692
- Oct 29, 2014 2:15pm Oct 29, 2014 2:15pm
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Untill right before, I haven't realized XBRUSD and XTIUSD (oil) charts have different server time than other Forex pairs. XBRUSB is GMT+3 and XTIUSD is GMT+1. How can this be possible? I have been watching inaccuate pivot levels......
If you did some simple basic research into the markets you're trading instead of assuming, then you would know that Gold, Silver, Brent and WTI have different market times to currencies.
XTI/USD opens for trading at 01:00 server time and trades through to roll-over each day.
XBR/USD opens for trading at 03:00 server time and trades through to roll-over each day.
https://pepperstone.com/forex-news/n...-xbrusd-xtiusd
- XAUUSD and XAUEUR for gold versus the US dollar and the Euro
- XAGUSD and XAGEUR for silver versus the US dollar and the Euro
Gold and silver open one hour later at the start of the trading week at platform time 01:00 and has a forty-five minute break each day following from 00:15 to 1:00 when underlying physical gold and silver markets are closed.
https://pepperstone.com/mt4-forex-tr...er-trading.php
Doing what you like is Freedom. Liking what you do is Happiness.
- #2,693
- Oct 29, 2014 3:42pm Oct 29, 2014 3:42pm
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 6,093 Posts
{quote} If you did some simple basic research into the markets you're trading instead of assuming, then you would know that Gold, Silver, Brent and WTI have different market times to currencies.
No more Oil trade then.
Simplicity is the ultimate sophistication - Leonardo da Vinci
- #2,694
- Oct 29, 2014 7:43pm Oct 29, 2014 7:43pm
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 6,093 Posts
{quote} If you did some simple basic research into the markets you're trading instead of assuming, then you would know that Gold, Silver, Brent and WTI have different market times to currencies.
Thanks,
Simplicity is the ultimate sophistication - Leonardo da Vinci
- #2,695
- Oct 29, 2014 8:08pm Oct 29, 2014 8:08pm
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Doing what you like is Freedom. Liking what you do is Happiness.
- #2,696
- Edited 8:38pm Oct 29, 2014 8:25pm | Edited 8:38pm
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 6,093 Posts
{quote} Yes...still using FXIPivots, and you'll find that if you use that indi, the pivots are correct for Gold, Silver, WTI and Brent as they recalculate at the market open of the instrument traded. If you go to your chart properties and tick the 'Show Period Separators' option, you'll see the start of that instruments market as well as the FXIPivots recalculate point. And yes, they are accurate to within a pip or two. Note that Pepperstone will reset it's server time this weekend in accordance with USA Daylight savings shift: On Sunday the 2nd...
Have a nice day!
Simplicity is the ultimate sophistication - Leonardo da Vinci
- #2,697
- Oct 29, 2014 8:51pm Oct 29, 2014 8:51pm
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
{quote} Great, Great Tips! Now mystery solved why Pivots levels become inaccurate during the early Asian session. I really appreciate it, RJ.
Doing what you like is Freedom. Liking what you do is Happiness.
- #2,698
- Edited 10:04pm Oct 29, 2014 9:19pm | Edited 10:04pm
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 6,093 Posts
{quote} They're not inaccurate, they recalculate at the market open of the instrument traded. Although on this chart it appears to show a delay while the pivots recalculate at the end of the session, it actually happens in the blink of an eye. As the new period begins, the Pivots will recalculate/update instantly. {image}
Simplicity is the ultimate sophistication - Leonardo da Vinci
- #2,699
- Oct 29, 2014 10:03pm Oct 29, 2014 10:03pm
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
{quote} Yes, I understand when it's recalculated. When I was asking about your Pivot indicator, actually I surprisingly noticed a decent gap between my Pepperstone chart Pivots and Actionforex.com Pivots. And later when I saw your reply on FF, I compared Pivots again and found they are now almost the same. It seems recaludation takes longer than the blink of an eye I think.....Anyway, good to know more about my broker. Thanks.
No it's instant. Watch tomorrow and see for yourself. Don't forget that actionforex has to update the website, even though it's dynamic, it will still take time depending on when they have set their page to update.
The calculation is such a basic calculation that you could do it yourself on a pocket calculator in under a minute...so it's childsplay for your PC to do it!
Doing what you like is Freedom. Liking what you do is Happiness.
