Different brokers - different H4 charts - how to handle

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rosspet6
62
rosspet6  

Could you guys help me understand how do you handle such cases.

This is NZDCAD on May 22, H4 chart. I have 2 brokers: one is GMT+2 (CET, summer time) and the other is GMT+3 (summer time).

The GMT+2 broker provides 6 daily candles per week (1 daily chart on a Sunday, which is basically only a 1-hour candle); therefore, I do not use this broker for my daily analysis.

The GMT+3 broker provides 5 daily candles per week; therefore, I trust/follow this broker’s charts for daily analysis.

The issue, however, is not only the difference between the daily charts. Attached is the image of H4 charts of the two brokers and as you can see one gives me a false break of the H4 channel, which for me is a fairly strong reversal signal, whereas the chart of the other broker gives me a normal price action within the channel, which indicates further move down.


 

Which chart should I trust? What would you do in this case? How would you draw your H4 channels? Do you have similar experience with your brokers?

Will be interested to have your opinions and ideas…

Thanks in advance.

Vytautas Paliokas
428
Vytautas Paliokas  
rosspet6:

Could you guys help me understand how do you handle such cases.

This is NZDCAD on May 22, H4 chart. I have 2 brokers: one is GMT+2 (CET, summer time) and the other is GMT+3 (summer time).

The GMT+2 broker provides 6 daily charts per week (1 daily chart on a Sunday, which is basically only 1-hour chart); therefore, I do not use this broker for my daily analysis.

The GMT+3 broker provides 5 daily charts per week; therefore, I trust/follow this broker’s charts for daily analysis.

The issue, however, is not only the difference between the daily charts. Attached is the image of H4 charts of the two brokers and as you can see one gives me a false break of the H4 channel, which for me is a fairly strong reversal signal, whereas the chart of the other broker gives me a normal price action within the channel, which indicates further move down.


 

Which chart should I trust? What would you do in this case? How would you draw your H4 channels? Do you have similar experience with your brokers?

Will be interested to have your opinions and ideas…

Thanks in advance.

I recommend to use who provides 5 D1 candles,because most brokers has 5 D1. 

William Roeder
18880
William Roeder  
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