3 min chart help please

rustic1

Active member
243 1
I am going to follow a 3 min chart next week as the 1 min is so volitile. My only concern my price data comes from D4F when I get my signal on a 3 min chart the data has moved on a good few points one way or another so e.g the chart signals out at 9700 but by then the price is 9685?? Any help welcome

Thanks

Kathy
 

Trader333

Moderator
8,655 981
Kathy,

You really need to have an independant data and charting source to that of D4F. I have spoken to colleagues who have questioned D4F for not honouring a trade and they invariably win their case if they can show that the market traded a particular way but only if they have independant evidence of it. If you use their data you are at their mercy.

There are a number of options that would satisfy this.


Paul
 

ChartMan

Legendary member
5,580 46
Try this as a suggestion. I used to use this when I had D4Free. I used Sierra /Mytrack for the "real" price , TA formations and decisions on the DOW. I then cross correlated that to the D4F chart ( appalling) as a second check. Almost always, their support/resistance values were 5- 10 off the Sierra charts so I would then run my trade to their values, having made the decision with Sierra.
 

rustic1

Active member
243 1
I use sierra & my track, but like you say the D4F charts are awful, on the i min the difference is not too bad but I expect on the 3 min it will be way off I have to experiment .
CM Who do you use now for price if not D4F?

Thanks

Kathy

Finspreads
 

Bigbusiness

Experienced member
1,408 23
I know the Dow is the most popular market for spread betters but it is also one of the worst to trade with deal4free. I much prefer the Euro/USD as it has a 4 point spread, less bias, no opening gaps and is open for longer hours.

It took me a few years to realise this as the Dow has such a large following and it is hard not to join the crowd. There are also good free charts like this one:-

http://www.dailyfx.com/FinanceChart.html?symbol=EUR/USD
 

options

Senior member
2,374 218
Hi BB,
Where are you getting a 4 point spread?
On D4F, REfco, Fxcm it's 5.
Hold on, I think I've just answered my own question.
Are you using D4F currency arm instead of the sb arm?
On another note, didn't you say on another thread that you used to work for Refco? One or two things about their platform I'm not too happy about, so in the meantime still looking for a good platform.
 

Bigbusiness

Experienced member
1,408 23
Hi Options,

It wasn't me that used to work for Refco. Deal4free spreadbet has a 4point spread on the euro/usd whenever I have used them. Perhaps it is wider at certain times?
 

options

Senior member
2,374 218
Thanks BB.
Must be getting you confused with someone else.

Everytime I've used D4F it's been 5 spread, oh well
You are aware that they jerk about form the real price a la sb style?
I did post a comparision price screen shot a short while ago showing the difference. I think (though not sure) that it's on Newtron's thread.
 

Bigbusiness

Experienced member
1,408 23
Yes, there is some movement from the actual price but I find it a lot closer than when trading the Dow. I have only traded the €/$ around 8 to 9am, so I wonder if the prices might be better before the Dow opens?
 

neil

Legendary member
5,167 749
Big Business

Hi BB
Have you noticed the Euro/Dollar charts seem to have a spurt of activity around 8am ish and during US open ?

I must look back over time to see if this is a regular occurrence. :eek:
 

Bigbusiness

Experienced member
1,408 23
Hi Neil,

I have been looking at 8am for a few weeks and there is usually a nice move. Today is not a good example. I haven't looked at the US open time but it might be easier to trade than the Dow, so I will have a look.

How are you going to look back over time? Do you have intra-day data or charts?
 
 
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