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Quoting cmeade2
What do you think about the current negotiation with 10 EMA on the M15, together with 200 on the M1 and the 50 ema on the M5
Since it is not the first M15 10 touch, I wouldn't trust it (also the bounce from the RN 1.4000 looks strong)
Quoting kostas1
Since it is not the first M15 10 touch, I wouldn't trust it (also the bounce from the RN 1.4000 looks strong)
Right I was thinking it might be a scooped up long.
Quoting kostas1
I am watching EU H1 10 for the rest of the day. The Italian debt spreads issue kicked Euro's butt today, but now it is bouncing from the RN 1.4000. It should give us some interesting reaction at H1 10.
What do you think for GU? is somethink similar applies to 5950 area
i think market will be quiet from now on for today, so perhaps not many short term opportunities.

BTW kostas, good idea about the thread, you could also consider IRC and twitter for more real time updates.
Quoting kostas1
I am watching EU H1 10 for the rest of the day. The Italian debt spreads issue kicked Euro's butt today, but now it is bouncing from the RN 1.4000. It should give us some interesting reaction at H1 10.
it could be a bit tricky, we have moved over 250 pips today, i think we are well into the "BUY" zone and we should expect some reaction.
in the chart below you can see that the reaction off the RN was a confluence of 162 Fib extension and if you expand your H4 chart you will see another low area from 23/05/2011

so there are a few scenarios.
one is it simply scoops up since it has already rejected the lows and 35/50 are diverging, another is it touches the H1 10 and retests the lows, and the last is it keeps falling like a stone , pick one
Attached Image (click to enlarge)
Click to Enlarge Name: EU-11_07_11_com.jpg Size: 273 KB
Quoting kostas1
I am watching EU H1 10 for the rest of the day. The Italian debt spreads issue kicked Euro's butt today, but now it is bouncing from the RN 1.4000. It should give us some interesting reaction at H1 10.
Yesterday, I had only managed to capture 10p during the day, due to work. So, I waited patiently during the night to see if I can get anything from the EU H1 10 bounce. It was interesting that even at that hour there was good enough price movement to allow a trade. The bounce was also confirmed by M15 50, so I got a nice +22p to complete my daily quota (well technically it was today since my trade was after my midnight).
For this morning I am watching EU at the 1.4000 area confluenced with H1 10, M15 35/50 for a short opportunity.
EJ M15.E10 Now???
Quoting kk007
EJ M15.E10 Now???
Was the EMA5 but would have been a good entry...Too bad I missed this one.
Quoting Demika
Was the EMA5 but would have been a good entry...Too bad I missed this one.
EJ M5.E10 @111.000?
Quoting kk007
EJ M5.E10 @111.000?
I`m in @110.82
First tp took at +10 pips,
Second position stop loss at BE
My first trade with Dance !
USDCHF M15. 35/50???
Damn, looks like someones opened the trapdoor for USD/JPY!!
G/U M 15 E.10
Quoting Micheel
G/U M 15 E.10
Cannot, broke the 2 bar rule.

Entered EURJPY on a touch 10EMA M15
Riding the order flow
Quoting Binyamin
Entered EURJPY on a touch 10EMA M15
Just exit with 24 pips at the round number 110.5, I trailed the SL until the round number.
Riding the order flow
Entered EUR/GPB SMA35 at 0.87903
Quoting Binyamin
Just exit with 24 pips at the round number 110.5, I trailed the SL until the round number.
How many times the E10 has been touched, would you say?
EU constrainment on 10ema - 15mins.
Quoting zpiders
EU constrainment on 10ema - 15mins.
I don't see that. I see M15 5 and M5 10 constrainment upwards but action is too hectic to trade safely. I am waiting for things to calm down there.
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