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  • #41
  • Jul 11, 2011 11:19am Jul 11, 2011 11:19am
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)
  • #42
  • Jul 11, 2011 11:20am Jul 11, 2011 11:20am
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.
  • #43
  • Jul 11, 2011 11:39am Jul 11, 2011 11:39am
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
  • #44
  • Jul 11, 2011 12:16pm Jul 11, 2011 12:16pm
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.
  • #45
  • Jul 11, 2011 12:31pm Jul 11, 2011 12:31pm
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
  • #46
  • Jul 12, 2011 12:45am Jul 12, 2011 12:45am
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).
  • #47
  • Jul 12, 2011 12:47am Jul 12, 2011 12:47am
For this morning I am watching EU at the 1.4000 area confluenced with H1 10, M15 35/50 for a short opportunity.
  • #48
  • Jul 12, 2011 1:51am Jul 12, 2011 1:51am
EJ M15.E10 Now???
  • #49
  • Jul 12, 2011 2:08am Jul 12, 2011 2:08am
Quoting kk007
EJ M15.E10 Now???
Was the EMA5 but would have been a good entry...Too bad I missed this one.
  • #50
  • Jul 12, 2011 2:31am Jul 12, 2011 2:31am
Quoting Demika
Was the EMA5 but would have been a good entry...Too bad I missed this one.
EJ M5.E10 @111.000?
  • #51
  • Jul 12, 2011 2:42am Jul 12, 2011 2:42am
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 !
  • #52
  • Jul 12, 2011 2:52am Jul 12, 2011 2:52am
USDCHF M15. 35/50???
  • #53
  • Jul 12, 2011 3:05am Jul 12, 2011 3:05am
Damn, looks like someones opened the trapdoor for USD/JPY!!
  • #54
  • Jul 12, 2011 3:18am Jul 12, 2011 3:18am
G/U M 15 E.10
  • #55
  • Jul 12, 2011 3:23am Jul 12, 2011 3:23am
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
  • #56
  • Jul 12, 2011 3:33am Jul 12, 2011 3:33am
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
  • #57
  • Jul 12, 2011 3:45am Jul 12, 2011 3:45am
Entered EUR/GPB SMA35 at 0.87903
  • #58
  • Jul 12, 2011 3:46am Jul 12, 2011 3:46am
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?
  • #59
  • Jul 12, 2011 3:50am Jul 12, 2011 3:50am
EU constrainment on 10ema - 15mins.
  • #60
  • Jul 12, 2011 3:58am Jul 12, 2011 3:58am
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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