-
General Statistics
-
Total Topics23,618
-
Total Posts96,997
-
Total Members44,183
-
Most Online7,522
10/06/21 14:53
-
-
Posts
-
Hello everyone, At 03h30 UTC there was a bump on AUD/USD because of the Cash Rate data release. I was supposed to enjoy the ride thrue an API call, but my orders were rejected with the reason "ATTACHED_ORDER_LEVEL_ERROR". My working orders entries were 0.66112 and 0.66032. From the time i started to send the order until the rejection, the tick prices were: BID: 0.66042 | OFFER: 0.66102 <sending> BID: 0.66038 | OFFER: 0.66098 BID: 0.66040 | OFFER: 0.66100 <rejection> Can someone explain me how IG decides when to send this error ? I would like to anticipate it. Is it because the spread was at 6pips ?
-
By tradinglounge · Posted
Elliott Wave Analysis TradingLounge Daily Chart, 5 December 23, Bitcoin/ U.S. dollar(BTCUSD) BTCUSD Elliott Wave Technical Analysis Function: Follow Trend Mode: Motive Structure: Impulse Position: Wave((5)) Direction Next higher Degrees: wave I of Impulse Wave Cancel invalid level: Details: Wave 4 may end and the price entering to wave 5 Bitcoin/ U.S. dollar(BTCUSD)Trading Strategy :Bitcoin continues to soar But it is the rise of the fifth wave that will provide early warning of a correction or trend change. and has a chance to reach the level 43719.48, which is equal to 61.8% of the length of wave 1 to wave 3. Bitcoin/ U.S. dollar(BTCUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, Wave Oscillators a Bullish Momentum. TradingLounge Analyst: Kittiampon Somboonsod, CEWA Source : Tradinglounge.com get trial here! Elliott Wave Analysis TradingLounge 4H Chart, 5 December 23, Bitcoin/ U.S. dollar(BTCUSD) BTCUSD Elliott Wave Technical Analysis Function: Follow Trend Mode: Motive Structure: Impulse Position: Wave((5)) Direction Next higher Degrees: wave I of Impulse Wave Cancel invalid level: Details: Wave 4 may end and the price entering to wave 5 Bitcoin/ U.S. dollar(BTCUSD)Trading Strategy :Bitcoin continues to soar But it is the rise of the fifth wave that will provide early warning of a correction or trend change. and has a chance to reach the level 43719.48, which is equal to 61.8% of the length of wave 1 to wave 3. Bitcoin/ U.S. dollar(BTCUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, Wave Oscillators a Bullish Momentum. -
Forex or Crypto swing trading is a trading style based on identifying swings in the market. Since these swings can take a while to develop, swing trading is most often done over the course of several days or market cycles. If visualized as surfers, traders who utilize this method are out to catch and ride big, long waves. However, in order to catch those waves, traders first need to identify major pivots in the market. What is a Pivot Point? For Crypto or forex traders, it is imperative to know what pivots are and how to spot them. Pivots are the points in the market where price changes direction, from bullish to bearish to bullish, etc. There are important points in price, and there are less important points. Swing traders will not focus on minor pivots, while scalpers will try to take advantage of every minor pivot found. How to Identify Major Pivot Points for Crypto or Forex Swing Trading Major pivot points are easier to spot. They tend to form near support and resistance levels, or they themselves create a new important level. These are points where buyers and sellers are very active. Minor pivots form more regularly and randomly.
-
Question
ST
For the past two months or thereabouts I have been reporting flawed charts using the email facility in the ProRealtime software. Only one of the many charts that I have reported has been corrected. Listed below is just a fraction of the charts I have reported. You will see that some have been reported twice but to no avail!
UK Stocks
3rd April: CHG
25th May: WTAN, FEV, BTEM, MRO, TEM
27th May: RSW
13th June: RSW
14th June: JLT, FEV
22nd June: CRDA
US Stocks
8th May: CBOE
9th May: MRCY
15th May: ZION
20th May: CTSH
30th May: CBOE
12th June: AXP
13th June: CAT
14th June: VVC, CME, CMA, LECO, NJR, NWE, MMM
20th June: PG
23rd June: CBPO
This is the bunch of US stocks I reported yesterday i.e. 24th June: ARMK, ARW, BLL, FNF, FBHS, PAC, HAS, IPGP, MCD, MHK, NEE, PKG, SSNC, STE, TRU, WCG, YUM
My focus is on the US and UK markets, I estimate the percentage of stocks with charts with flawed data is at least in double digits. Far beyond the "one or two that escape the net" as has been previously postulated or as you have articulated " Due to the large number of instruments we offer we sometimes do miss some errors on charts." I understand that the same flawed data powers the new IG charts too! On that basis, I find it incredulous, almost bizarre, even surreal that so much work is going into developing the new charts when IG does not have a reliable data feed!! It seems very much like the cart is being put before the horse. In the context of any developments to the charts where indicators are a derivative of price (are there any that are not?) the old IT adage is very appropriate, "garbage in, garbage out"
Before I finished this post I thought I would go through the Dow Jones Industrial Index or Wall Street in IG speak to see how many defected charts would be revealed. The following is the result of that exercise:
MMM, CAT, TNH, GE, GS, HD, JPM, JNJ, MRK, NKE, TRV, UTX, UNH, VZ, MCD & PG.
More than half, i.e. 16 charts out of 30
Link to comment
6 answers to this question
Recommended Posts
Archived
This topic is now archived and is closed to further replies.