Just as an aside - I had to have a little chuckle - I opened an account with IG a CFD Provider just to check out their charting package - not that I trade CFDs or day trade but after seeing some of Mitta's intraday analysis I thought it could be useful using Volume spread analysis using intraday bars to help look for positions - and IG give you a version of Pro Realtime - which normally doesn't include intraday data. Anyway, I'm having a play (as you can see from MNC hourly chart) and I go to put in my support resistances taken from those really high volume bars - and lo and behold, they weren't there! What the! Where the hell did they go! It turns out that the charting package does not include the volume or price action that occurs in the closing auction - So they, being a market maker, paid prorealtime to exclude information that it normally provides for free and that is included in just about any free charting software or end of day information anyone can download from their broker. As anyone trading CFDs will tell you (I hear it a lot) The CFD provider is actually competing against you in the market place and are typically part of the group we call "smart money." So they can see all your stop losses, all your buys and sells, all your information, but they want you to have as little information as they can get away with about their activity (none of which is designed to make you money) and they are very aware that Volume gives them away. Bastards!
