Thread: 5 second chart screenshot requested

Hi,

Would someonne please send me the 5 second candlestick chart screenshot of this Dec 21 4:30 AM UK Current Account news release price action?


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Thanks,


Herringtrader

Is 1min. Anything less than 1min is called a tick chart, which will show you tick by tick the price change.

Originally Posted by ;

the lowest interval you can go is 1min. Anything less than 1min is called a sign chart, which will show you tick by tick the price change.

Not correct. . Yu can have a candle chart at any interval you desire if you write your own software, it is only a case of whether it is purposeful at this short interval. At 5 minutes, even when the mkt is severely volatile, you are not going to extract anything meaningful out of candles. Stick with appropriate tick charts. On my platform aroudn major news eur$ quotes and volume will update around 30 times a second

Thank You for the chart! I am with Oanda and they supply 5, 10, 30 second candlestick charts. I always make a screenshot of the 5 and 10 second price action at news releases. I just overslept that the UK current account, GDP trade.


Herringtrader

Originally Posted by ;

Thank You for the chart! I am with Oanda and they supply 5, 10, 30 next candlestick charts. I make a screenshot of the 5 and 10 second price action at news releases. I just overslept the UK current account, GDP trade.

Herringtrader

You Should get tick charts from someone like ib or efx which will reflect the mkt conditions wrt liquidity

Originally Posted by ;

You need to get tick charts from somebody like ib or efx that will reflect the mkt terms wrt liquidity

Are you stating Oanda's tick charts aren't as reliable?

Originally Posted by ;

Are you saying Oanda's tick charts are not as dependable?

No and yes. Ultimately, you are not investing in the wholesale place fx market, you're trading oanda's. If you're trading with oanda, by all means use their charts, they are following all the market you'll be trading. But to get a better idea of what the actual market is doing, you really need to get a proper feed

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Originally Posted by ;

Hello,

Could someonne please send me the 5 second candlestick chart screenshot of this Dec 21 4:30 AM UK Current Account news launch price action?




Thanks,


Herringtrader

If you are trading news.... You cant get better than a tick chart to really get an idea of this action. This is a feed from cnx and the spreads are broad because of the thin mkts aroudn this time of year

Originally Posted by ;

yes and no. Ultimately, you are not trading the wholesale spot fx market, you are trading oanda's. If you are trading with oanda, by all means use their charts, they are following all the market you'll be trading. However, to get a clearer idea of what the actual market is performing, you really need to get a correct feed

Yes I have Reuters. I only thought you were stating Oanda's charts are crappy. Of course, I have to agreethat nothing beats a proper feed.