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  • #412,341
  • Mar 23, 2011 5:47pm Mar 23, 2011 5:47pm
Quoting fishman356
Portuguese Minister Resigns
http://www.cnbc.com/id/42233910
If only there were some kind of philosophic method of debate that could be used to resolve Portugal's debt crisis
Follow the money --Mark Felt (Deepthroat)
  • #412,342
  • Mar 23, 2011 5:49pm Mar 23, 2011 5:49pm
This price action, if you can call it that, is beyond ridiculous tonight.
  • #412,343
  • Mar 23, 2011 5:51pm Mar 23, 2011 5:51pm
Quoting fldash
im still holding but nearly sold.... this is a little crazy acting atm...
well, so much for that ... i still think it's going to the pivot...
  • #412,344
  • Mar 23, 2011 5:56pm Mar 23, 2011 5:56pm
Quoting fldash
well, so much for that ... i still think it's going to the pivot...
8 pip range...... no scalps here. Think I will take a nap on desk
  • #412,345
  • Mar 23, 2011 5:57pm Mar 23, 2011 5:57pm
Quoting Mr. Freeweed
8 pip range...... no scalps here. Think I will take a nap on desk
LOL. No kidding. This is annoying me. I am currently short... but i wish price would tell me if I need to exit or not. Take the hit or not it doesn't matter, but give me a freaken direction already!!!
  • #412,346
  • Mar 23, 2011 6:10pm Mar 23, 2011 6:10pm
trading range!

up> 1,4115
down <1,4097
  • #412,347
  • Mar 23, 2011 6:25pm Mar 23, 2011 6:25pm
Quoting Venice
LOL. No kidding. This is annoying me. I am currently short... but i wish price would tell me if I need to exit or not. Take the hit or not it doesn't matter, but give me a freaken direction already!!!
use viagra to handle the short.

USD Index 30 min chart has been a very good guide so far in providing direction guide on eur movement.
  • #412,348
  • Mar 23, 2011 6:34pm Mar 23, 2011 6:34pm
the general trend currently is to sell now, talk later ; 4035 should give some support if it does.
  • #412,349
  • Mar 23, 2011 7:00pm Mar 23, 2011 7:00pm
Quoting hindustani
the general trend currently is to sell now, talk later ; 4035 should give some support if it does.
Absolutely portugese style still...
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  • #412,350
  • Mar 23, 2011 7:05pm Mar 23, 2011 7:05pm
  •  gdaym8
  • | Joined Jan 2011 | Status: You Never go broke making a profit | 71 Posts
Moody's To Downgrade Spanish Banks Thursday -Newspaper DOW JONES NEWSWIRES Moody's Investors Service Inc.

will downgrade the credit ratings of Spanish banks on Thursday.
Always remember "Logic" has NO place in the Forex markets
  • #412,351
  • Mar 23, 2011 7:06pm Mar 23, 2011 7:06pm
Finally! Longest scalp of my life, man... lol I was really surprised not to see any stops pop it down further on the breach. Perhaps not quite far enough.
  • #412,352
  • Mar 23, 2011 7:10pm Mar 23, 2011 7:10pm
Think I gunna try the longs here...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #412,353
  • Mar 23, 2011 7:11pm Mar 23, 2011 7:11pm
Quoting Venice
Finally! Longest scalp of my life, man... lol I was really surprised not to see any stops pop it down further on the breach. Perhaps not quite far enough.
target?
  • #412,354
  • Mar 23, 2011 7:11pm Mar 23, 2011 7:11pm
Long from 1.40817 ...
SL : 1.4069
TP ????

Strong support haven't break all day
  • #412,355
  • Mar 23, 2011 7:13pm Mar 23, 2011 7:13pm
EUR/USD Dips on Dow Jones Headline Moody’s to Downgrade Spanish Banks

EUR/USD has dipped to 1.4075 following a Dow Jones headline that Moody’s will downgrade the credit ratings of Spanish banks on Thursday as reported by Expansion in its internet edition.
  • #412,356
  • Mar 23, 2011 7:14pm Mar 23, 2011 7:14pm
Quoting Magix
Think I gunna try the longs here...
If I see 90 I will close it, if I see 1H break on 74 Im adding on for extension down to 50-55...
  • #412,357
  • Mar 23, 2011 7:16pm Mar 23, 2011 7:16pm
Quoting PipPipPip
target?
I was short, closed it out at 4078 when the low break failed to knock the stops out. Now letting pa reset itself for the next move.
  • #412,358
  • Mar 23, 2011 7:17pm Mar 23, 2011 7:17pm
No long ....for me now
  • #412,359
  • Mar 23, 2011 7:19pm Mar 23, 2011 7:19pm
Quoting Larseg
If I see 90 I will close it, if I see 1H break on 74 Im adding on for extension down to 50-55...
Thats a pretty good thought too...

I am just seeing a double tap to support and watched 2 huge volume bars (M5) bringing us to weekly low...I am thinking a bit more of a retrace before lower lows, based on the chart I posted HERE.

It's not going to take long to figure out if I am wrong or not...so, I can watch this for a few mins before going for a nap...

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #412,360
  • Mar 23, 2011 7:20pm Mar 23, 2011 7:20pm
I have a bid resting at 1.4040. While a 4 hr EUR/USD chart is showing bearish momentum for the moment, be mindful of Asian CB's coming in and buying dips like they did the 10th of March when we breached 1.3780. I'm looking to buy 1.4040 with a stop at 1.3940. My take profit is back up at 1.4240. Dont be afraid if EUR moves to 1.3780 (I'd buy more there) This is what I call the trifecta level; ie 100 day moving average, 61.8% fib, and trendline all intersect at this level.
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