So, what is the weekly opening price?

[homeforex]

Hi there,

One of my strategies depends on the weekly opening price. I am trying to find out what the most trusted figure is for this. For example for GBPUSD this week (19-Apr-10) I have:

MT4 with Alpari: 1.5290
Dukascopy (my broker): 1.5284
eSignal (GAIN Capital feed): 1.5288

Which one is it? I'd like to understand why they vary - is it all down to a wide spread on the open? I'm a little confused. Is there a "trusted source" I can get this data from?

Thanks!

 

[Rhody Trader]

The source you should use is the source you are going to trade. In the forex market nothing else really matters. The variation you see could be a function of the time each uses as its open, or just variation in the quotes received from each's liquidity provider(s).

 

[Waterfield]

http://www.trade2win.com/boards/forex-discussion/92074-who-dares-fade-gbpusd-gap.html#post1106628

Hope this helps.

Phil.