Jump to content
  • 0

Lowest Price discrepancies between timeframes.


TraderGT1

Question

Three different charts, three different lows. 
GBP/JPY 
18 Aug 2021.
UAE time zone.

I based my entry on the H4. My SL was set at 150.910. Lowest price on H4 shows 150.885. Lowest price on H1 shows 150.916. So on one chart I should still be in and on another I'm stopped out. What's all that about?

Screenshot 2021-08-19 050546.png

Screenshot 2021-08-19 050641.png

Screenshot 2021-08-19 050740.png

Link to comment

5 answers to this question

Recommended Posts

  • 0

Hi @TraderGT1

Thank you for the question

When closing a long position you need to sell to close. Therefore your position would be closed basis the bid price. You can switch to the bid price by right clicking on the chart, then selecting price, then bid. If you change to the bid price you will see that your position was closed basis your stop level which you had set at a price of 150.910. The low on that candle is 150.900 which would have triggered your stop accordingly. I have attached a screenshot to illustrate the above. 

Kind regards

Anda

GBPJPY.png

Link to comment
  • 0

Hi @TraderGT1

Thank you for the question

On the 1 hour time frame 150.835 is the low for the next hour. i.e after your stop had already been executed. If you go to the previous candle you will see that the low is 150.900 as you would expect. Hope this clears it up

Regards

Anda

Below shows the relevant candle as well as the one post trade execution

image.png

image.png

  • Like 2
Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      20,088
    • Total Posts
      88,149
    • Total Members
      69,078
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    TheGreedyGreek
    Joined 03/10/22 19:45
  • Posts

    • Stock Market SP 500, NASDAQ 100 NDX, Russell 2000 RUT. Dow Jones Industrial (DJI) Elliott Wave Technical Analysis and Trading Strategies. US Markets News Today:The Dow moved higher 800 points as stocks rose broadly. Treasury yields fell back towards 4% Elliott Wave Market Summary: The move up is a bear market rally on lower volume, corrective. Expect the next session to open higher then fade lower. Elliott Wave count: iv of (c) of iv) of 3 of (1) Day / Trend Trading Strategies: Day traders look to short Wave cv of (c) of iv) and also the turn lower as Wave (i) and (ii) building shorts... Video Chapters 00:00 S&P500  15:29 NASDAQ 100 (NDX) 19:06 Russell 2000 (RUT)  19:57 Dow Jones (DJI) 21:18 End. Thanks for supporting! Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817 Source: tradinglounge com    
    • Market data to trade on Tuesday: AUD rates and GRG earnings          
    • Sterling is climbing on the foreign exchange markets despite a U-turn by the government on the proposed changes to the 45p top rate of tax. gbp        
×
×
  • Create New...