Here is why I think candlestick patterns have no value: with example

The issue I see with candlestick charts is that the same values produce different charts if the time is offset. So a pin bar can be "produced" if you offset the time, but if you don't then there is no pin bar. So I was thinking... If I just offset the time by 1s/1m/1h can have different patterns, what is the point of looking at those patterns? Just because happened to be the right offset doesn't mean anything...

For example on the hour chart in a country that has +30m timezone offset, will see all hourly charts completely different. Same with the daily charts between countries, they are different in all countries. So what is the point if the patterns appears in some countries but not in others?

What do you think?

Image 1:
Check attachment of the same chart. On the left you can see the pin bar, on the right you cannot, but the chart is the same, just a bit of offset.

Image 2:
The candlestick are different between providers
- 1st Ig
- 2nd livecharts
- 3th investing

Notice:

- IG vs livecharts and investing: Ig has an extra tick highlighted in black. That happens because of the time offset.
- livecharts vs investing: bottom right images, you can see the differences in the candlesticks. They are almost the same, but not the same.

Image 3:
So what do you think about point and figure charts? They change based on trend change and not on time. Check out http://ift.tt/2fiI1AV

Attached Thumbnails

     

Here is why I think candlestick patterns have no value: with example

Refer me please IG Index or another good share dealing provider

Hi all,

I've just started dabbling in the share dealing world. Not into CFDs / Spread betting but do want to buy and sell shares etc.

Can someone who is already on IG Index, send me an invite via the referral link or for any other broker with a new customer deal that will help me start up in the world of investing and trading.

I will be buying selling infrequently at the start as I would like to learn the ropes first, so if you have any suggestions for me, please do tell.

Appreciate any and all help

Thanks

Refer me please IG Index or another good share dealing provider

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Pls recommend the best options simulator

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Anyone heard of a broker holding tax for the government.


For the purposes of withholding tax obligations, please assist Saxo Capital Markets (Australia) Pty Ltd (Saxo) to verify your ABN # - for Entity (Company/Trust/SMSF accounts or TFN # - for Individual/Joint accounts as per your trading account with Saxo.

To update your details, please click on the following link to submit your ABN or TFN number by 15th December 2016.

http://ift.tt/2fg0IFp

Withholding Tax
A reminder that if an ABN or TFN number is not provided, Saxo is then required to deduct tax at the top marginal rate plus Medicare levy on any income earned from investments in underlying shares (interest and dividends).

Kind regards,
Saxo Capital Markets

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