Hi NoDak64
I do not think there are any 'accurate' charts in retail fx, so whose charts are right??....... The banks ect use 4 digit charts (so look way different to ours) and we retail use 5 digits, the retail brokers control the piptits (5th digit) within the their spread (not ours that we see) and they all have their own stops/orders ect to hit, they are 'supposed' to be the same but the variables in things like all starting at exactly the same second and different server timings for the H4 chart alone means there will be differences without the 'bad' data feeds every now and again plus all the games they play.
Our lot is what it is with the charts we are offered...... Just be aware of these things or you may end up getting very frustrated with all the 'anomalies' in retail fx.
As Alex says (hi Alex) momentum and direction are good clues to the current flow. everyone who survives in this ends up finding their own way.
Regards
Phil.
I do not think there are any 'accurate' charts in retail fx, so whose charts are right??....... The banks ect use 4 digit charts (so look way different to ours) and we retail use 5 digits, the retail brokers control the piptits (5th digit) within the their spread (not ours that we see) and they all have their own stops/orders ect to hit, they are 'supposed' to be the same but the variables in things like all starting at exactly the same second and different server timings for the H4 chart alone means there will be differences without the 'bad' data feeds every now and again plus all the games they play.
Our lot is what it is with the charts we are offered...... Just be aware of these things or you may end up getting very frustrated with all the 'anomalies' in retail fx.
As Alex says (hi Alex) momentum and direction are good clues to the current flow. everyone who survives in this ends up finding their own way.
Regards
Phil.
-be careful about what you allow to be put in your mind-