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CharlieB

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Posts posted by CharlieB

  1. Hi @MongiIG

    Thanks for your reply.

    In this instance the issue is that the IG Oil price is some sort of derision of futures - not sure how it is calculated exactly but it is very different from all other providers - I mean the numbers themselves don't matter to be honest but IG chart will for example put in a swing higher high when others are putting a lower high and I cant find any other provider that is vaguely similar to IG pricing (which is odd in itself as they all seem to be roughly similar to each other with IG being the stand out exception).

    All other markets I have looked at (FX, Commodities, Indices) I can pretty quickly find a chart to match IG, so it is very easy to do my charting on TradingView system which is hands down the best and almost become industry standard.

    Point in case, take a look at these 4 other providers - 7j1TCwVN  all pretty consistent with each other.  Look at the two swing high points - high followed by a higher high. 

    IGs however, as you can see is quite different - high followed by a lower high (see attachment).

    So its not as if we are talking a little off, which is really odd, and hence my post asking if anyone knows of any other Oil price provider is even close to what IG presents as I cant be the only one hoping to solve this one.  Its a bit of a head scratcher to say the least as to why IG doesn't agree with any of the others, as the pricing has to come from somewhere

    Its no great drama, I can always work a "fudge" but if you or any of your colleagues do have a brain wave or explanation, Im all ears!

    Cheers

    Charlie

    PS Before hitting send on this post I did some more searching on TV, and  have now been able to answer my own question - it looks like the IG chart is almost the same as Nymex Light Crude Oil Futures.  I'll still post this reply as it may be helpful for someone with the same quest in future!

    7LOtmZ0Y

     

    image.png

  2. Thanks Arvin

    I thought it may be something to do with my phone settings.

    I'm on Android but still your steer has helped - I was looking in app settings and didnt consider sound settings

    thank you!

    i probably had it set to silent as i have so many notifications across all apps so now i have to decide - hear one hear all...could get noisey!

    • Great! 1
  3. I hear you

    I guess my only comment would be the lack of consistency across the three pairs that by their nature should mean they are not altogether different in character (EU, GU and EG) - one would have thought (and of course I accept I could be wrong) that if GU and EU are behaving normally with perhaps a minimally wider spread then there is little reason for EG to be both very spiky and excessively wide spread

    the cynic in me will always ask the question.  Its not unlike having that very special ability to place a stop on what turns out to be the very bottom tick and yet it never seems to happen with quite the same degree of accuracy or regularity with one's limits :)

    I jest of course but I bet I am not alone in pondering that one...

     

     

  4. i do understand false spikes can appear on charts - what i am saying is that i was watching it at the time and those spikes reflect the erratic bid and offer prices as they changed, so in this case i do not believe they were false spikes

    I appreciate while changing providers that spreads may widen but a 12x factor is more than a little excessive and didnt happen in other pairs so it doesnt quite justify the action.

    It would be interesting to get an official IG EURGBP market maker response as to the mecahnics of what was going on here.  Id rather they didnt just delete the wicks and assume it didnt happen.

    You are of course right, i do recall see this sort of thing around the same time - might be a factor as to why i havent traded EG in a while :)

  5. I havent traded EURGBP for a while so it may well be normal activity - maybe some sort of algo running between 22.00-22.30.

    For no apparent reason the spread moves to 12 pips wide (from 0.9) and swings erratically.

    Take a look at the IG 1 minute chart here with a corresponding chart from TradingView (FXCM feed but they were all the same) at the same time.  The chart I share is 1m and mid price so with that in mind this action would have swept all stops above and below the high 8698 and 8686 by a further 6 pips so call it a 25 pip range of 8680 and 8705 it what was for all intents and purposes a quiet market (EURUSD had a 6 pip range at this time and GBPUSD had a 8 pip range)

    Luckily I saw it and pulled my stop and left in my Limit - need less to say my stop would have probably been hit at 80, and of course my Limit at 8700 whilst swept, was not triggered as the spread was 12 pips not the usual 0.9 pips.

    Very odd action - I can only assume algo driven - but definitely not in the interest of the trader...

    IG - WTF - Screenshot 2021-04-14 223944.png

    Screenshot 2021-04-14 222613 IG Index EU 12 pip spread.png

  6. 10 minutes ago, Caseynotes said:

    Thanks Caseynotes, that was very helpful.

    The link you sent also contained another link that shows how to add the swaps to your watchlist - I specifically wanted this as only way to tell which pairs have a positive swap and which negative.

    Thank you!

     

  7. Can anyone tell me what the underlying market for IG Natural Gas Spot price is? and if there is a corresponding chart on TradingView?

    The Natural Gas charts on TV look a little different to the one on IG

    On Tradingview I can only find  Henry Hub Natural Gas Nymex Futures at 2280 which correlates with  CFDs on OANDA, but I cant find anything with the IG level at the  2400

    Any pointers appreciated.

     

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