Spider's Den

ohoho, my first reply in this thread.. thx mercy !

the high on Oanda today was 14396 allready, is the 4h broken bullflag valid now? do you except more upmove after a correction down?

merci mr. mercy

Did reply to you in pvt ...

Highest been 1.4432 ...



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Further corrective upside moves in the cards ...

Moin moin...

there is a huge discrepancy between many retail brokers about what the high has been so far.

FXCM for example shows a high at 4695
GoMarkets Alpari IBFX etc 4377-4378
Oanda aparently 4396

Interbank FX also shows 43773.

Moin Stulic!

Don't worry ... it doesn't matter ... there are indeed some who did show so called "incest rates" caused by deviations from INTERBANK MARKET RATES by small positions during low turnover trading times ...

Highest rates as they are approved by INTERBANK POOL CONNECTIONS has been around 1.4430 area ... that has been aprox. about at a point of time around 23h00 CET ... that means ... when some of those so called online finance services just plugged in ...

At least all that counts are only those rates ... that has been approved by those connections which are at least free from such "noise" because there are stable and continous rates with not such kind of deviations because there are - due to arbitrage effects - nearly all same amount of range levels when all counterparts has been plugged in and only the minimum size of real interbank rates (of larger position trades) are used for registration then ...

You can suppose them around 1.4430 ... and you can avoid easily such things by using only those times of trading when larger centres of trades such as Tokyo Stock Exchange has been open up its doors as well ...



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Interesting..Lets see

I think we will find us soon in a "sell the rallies situation" again ...

1.4212 is not a too ambitious tgt again ... as long as 1.4430 and 1.4454 will not be crossed ...

It's a Monday ... and an old rule says ... don't jump in too early on a Monday ... and don't leave too late on a Friday ...



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Maybe it doesn't, but there's a double top now at 4377 across most brokers.

Yes my dear ... I did sell there a little bit ...

I will show you soon why ...



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H4 EU.

Possible retest of 4400. 4365 interim resistance, which has been possibly turned into support. 15 more mins.

I do use currently this highlighted TABLE there ...


Atm ... the ZigZag Bandwith table ... which is based on the range we have had until now ...

1.4377 is an interim high ... and this is on opposite side of column with 1.4289 (which has been low until now) ...

As I do expect one more re-test towards pivotal area at least ... which comes into play around 1.4212 ...

This seems to me a jolly good area at first ...

When it ranges here ... as now ... then I re-load and unwind always in FRACTALS ... supporting my major assumed direction of favoured trades ...



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This table does show nothing else that the major probability of trendreversal key-points ... when you enter a trade ...

Then you should have an estimation of retracements and enhacements ... with a halfway realistic calculation of possible key-turning points ...



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This looked like a triple rejection, Europe open now...

It will go higher ...

I love actions like this ...

FOREX HIGHLIGHTS

e:4369
s/l:60 pips at least

tp:open

h4 trade small poundage. Final testing of "h4 forex highlights" by tarantula.

h4 trades are mid-term or until targets has been reached.

24h at least or at TP

There seems to be some movement in the swissie, maybe just intervention rumours... EUR/CHF recovered almost 200 pips since this morning and USD/CHF i back up 100 pips after making another fresh low and breaking through a 25 year long trendline.

Highest been given has been 1.4402 with mine about more than an hour ago ...

Lowest been taken has been 1.4324 after this previous rise has been done ...

Maybe this will hold at first ... for óne more attempt to the upside ...



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