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  • #412,081
  • Mar 23, 2011 10:18am Mar 23, 2011 10:18am
Well, I find it working quite well with Fiber.

Quoting vosterfxandy
some people say 50% isn't a real retracement.
  • #412,082
  • Mar 23, 2011 10:18am Mar 23, 2011 10:18am
Quoting mrmat
Does anyone know when the Portuguese vote is taking place? I read that it should be around 11am EST.. but I am not sure..

It would be a very bold move by the opposition to bring down the goverment the day before the final Euro Summit. ...
Don't have a good/live Portuguese language source (yet), but looks like the debate started around 15:00 GMT, with a vote scheduled 3 hours later (and these votes are never on time). Found here.

The opposition doesn't really care ... if they were in power, they'd probably think differently, but right now there's that vacuum of responsibility and leaning towards doing what they think is right for the people, without any real stake in the outcome. Typical opposition party/power politics. Frankly, it's not a completely bad thing - the EU is built on far too much doubletalk, marketing, and Brussels idealism. Can't wait for the pendulum to swing a tad back to reality. A crisis is a good shake'n'wake for the sheltered EU politicians. And if Portugal fails, there will be more.
  • #412,083
  • Mar 23, 2011 10:19am Mar 23, 2011 10:19am
Quoting gatorinla
tick tock... the ride may get bumpy in a few..
not really that bumpy.
Enter Signature
  • #412,084
  • Mar 23, 2011 10:19am Mar 23, 2011 10:19am
Neither do I right now.
I'm waiting for confirmation of an entry in scalping mode.

I still favour the short side atm

Quoting vosterfxandy
at this moment in time, i'm not sure whether to go long or short.
  • #412,085
  • Mar 23, 2011 10:20am Mar 23, 2011 10:20am
Quoting mrmat
anyone know the time/details of the Portugal vote? Or do we just wait and let the chart tell us?
Oh yeah...

If the vote fails...I believe the charts will certainly let you know. If it passes, I would expect a bounce, but muted compared to the downside risks.

Just my opinion...trade what you see!
  • #412,086
  • Mar 23, 2011 10:22am Mar 23, 2011 10:22am
Quoting Mr Bull
Apparently it was delayed

Market rumblings
Written by Jamie Coleman
March 23, 2011 at 14:02 GMT
Talk that the Portugal vote may be delayed.

Source:
forexlive

Or maybe not.

Portugal parliament starts debate on austerity measures
Written by Gerry Davies
March 23, 2011 at 15:14 GMT
  • #412,087
  • Mar 23, 2011 10:22am Mar 23, 2011 10:22am
Quoting gatorinla
s 61
Perfect entry Gator, as usual.
What would be your TP, if I may ask?
  • #412,088
  • Mar 23, 2011 10:22am Mar 23, 2011 10:22am
Quoting kenfen69
Oh yeah...

If the vote fails...I believe the charts will certainly let you know. If it passes, I would expect a bounce, but muted compared to the downside risks.

Just my opinion...trade what you see!
Helicopter speaks at noon also. Who knows what he'll say. Either way... the e/u upside is limited.
  • #412,089
  • Mar 23, 2011 10:23am Mar 23, 2011 10:23am
I have a double top on the M5.
neckline at 1.4133...
  • #412,090
  • Mar 23, 2011 10:24am Mar 23, 2011 10:24am
BRUSSELS, March 23 (Reuters) - European Union leaders are set to delay a decision on how to strengthen their multi-billion euro rescue fund beyond a summit this week, undermining market confidence and possibly prolonging the region's debt crisis

This bodes well.
  • #412,091
  • Mar 23, 2011 10:26am Mar 23, 2011 10:26am
yep, that was a perfect entry...

Quoting detailas
Perfect entry Gator, as usual.
What would be your TP, if I may ask?
  • #412,092
  • Mar 23, 2011 10:29am Mar 23, 2011 10:29am
IMO, at this moment, all these news and the fact that Bernanke will talk in 30 minutes shows that it's better to stay aside.
  • #412,093
  • Mar 23, 2011 10:29am Mar 23, 2011 10:29am
Quoting fxpreacher
BRUSSELS, March 23 (Reuters) - European Union leaders are set to delay a decision on how to strengthen their multi-billion euro rescue fund...
Yep...they've pushed that until June, I believe.
  • #412,094
  • Mar 23, 2011 10:29am Mar 23, 2011 10:29am
The good news is: There's a ton of room to fall.
  • #412,095
  • Mar 23, 2011 10:30am Mar 23, 2011 10:30am
  •  mrmat
  • | Joined Sep 2010 | Status: One day I shall leave the temple | 131 Posts
As we are waiting on the vote, I wanted to know how people feel about Forexlive.com

I always check the site and see what they are writing, but they rarely mention their sources. Do people here consider them to be a trustworthy source of info? They often just refer to rumors of big stops or a big CB stepping in.. just wonder how legit these details are

also does anyone have a similar website they can recommend?
  • #412,096
  • Mar 23, 2011 10:30am Mar 23, 2011 10:30am
Quoting Mr Bull
IMO, at this moment, all these news and the fact that Bernanke will talk in 30 minutes shows that it's better to stay aside.
Sell any bounce into the weekend.
  • #412,097
  • Mar 23, 2011 10:31am Mar 23, 2011 10:31am
Quoting detailas
Perfect entry Gator, as usual.
What would be your TP, if I may ask?
just above 3980 or 3986..(chart says 3967) or when it looks like it out of steam near chart levels. it should bounce at near (just below) other target levels posted. but a negative euro vote and it may capitulate lower. we can always go north.. note i have a sl..
3980 86 may be a temp bounce. but it probably wouldn't hold. at 1876 we were in a tech bounce.. during this the stress test was announced. since banks have failed. a bankrupt country will be further prof of the bs.. and it will just make the other country's rate (expediences) go up.
those who can, do. those who cant, talk about those who can
  • #412,098
  • Mar 23, 2011 10:31am Mar 23, 2011 10:31am
Quoting mrmat
As we are waiting on the vote, I wanted to know how people feel about Forexlive.com

I always check the site and see what they are writing, but they rarely mention their sources. Do people here consider them to be a trustworthy source of info? They often just refer to rumors of big stops or a big CB stepping in.. just wonder how legit these details are

also does anyone have a similar website they can recommend?
Who is your broker? If Oanda use theirs. If not buy one.
  • #412,099
  • Mar 23, 2011 10:31am Mar 23, 2011 10:31am
And Merkel recently quoted saying, "Cards have been reshuffled and Germany’s hand is not bad." WTF!?! All one big game!
  • #412,100
  • Mar 23, 2011 10:31am Mar 23, 2011 10:31am
Nice fight in M1 200MA line
You cannot learn better without losing
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