Greece Gets Reprieve But Default Still A Possibility @ Forex Factory

Greece Gets Reprieve But Default Still A Possibility

From oanda.com

After more than half a year of back-and-forth negotiations, with both sides guilty of brinksmanship bargaining, we learned Monday that a deal had finally been reached to provide Greece with a second emergency bailout. A total of 130 billion euros, or $172 billion, has been promised to Greece with the first payment expected in time to meet the next bond repayment scheduled for March 20th. While the accord may avoid an immediate default, there are significant strings attached to the continuation of future payouts later in the year. These are similar to the conditions set out for the initial rescue package ... (full story)

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- Feb 21, 2012 6:38pm
- #1
- Quote
- oluaye
  
  10 posts
- eur/usd pls which way do we go now eur/usd pls which way do we go now
- Feb 21, 2012 6:40pm
- #2
- Quote
- TraderUSA
  
  809 posts
- Forex is a trillion business transaction every day, don't the people who trade forex knew better, informed substantial about this? No, it doesn't seem so. Look at the way they rally the euro totally out of proportion. The rally does not have any thing to support for...Now, your guys is talking about this aftermath to educate them, it was too late. Or maybe this is one of your guys propaganda for the market trend the way your trend. This is totally suck. Eventually small investors just quit because they can not realize on anything the media say no more. Forex is a trillion business transaction every day, don't the people who trade forex knew better, informed substantial about this? No, it doesn't seem so. Look at the way they rally the euro totally out of proportion. The rally does not have any thing to support for...Now, your guys is talking about this aftermath to educate them, it was too late. Or maybe this is one of your guys propaganda for the market trend the way your trend. This is totally suck. Eventually small investors just quit because they can not realize on anything the media say no more.
- Feb 21, 2012 6:44pm
- #3
- Quote
- sureshort
  
  46 posts
- agree !!!!! agree !!!!!
- Feb 21, 2012 6:47pm
- #4
- Quote
- sureshort
  
  46 posts
- Quoting oluaye
  
  eur/usd pls which way do we go now
  
  dont move ! thats the best way. dont move ! thats the best way.
- Feb 21, 2012 6:50pm
- #5
- Quote
- bigslice54
  
  254 posts
- Quoting sureshort
  
  dont move ! thats the best way.
  
  OR
  
  Quoting oluaye
  
  eur/usd pls which way do we go now
  
  mind the gap 100 pips due south. wait for entry above 132.5 & enjoy the fall
  
  many pips! OR mind the gap 100 pips due south. ;) wait for entry above 132.5 & enjoy the fall many pips!
- Feb 21, 2012 6:51pm
- #6
- Quote
- realjumper
  
  11,221 posts
- IMO......default is a certainty.....it's just a matter of time..... IMO......default is a certainty.....it's just a matter of time.....
- Feb 21, 2012 7:00pm
- #7
- Quote
- bigslice54
  
  254 posts
- Quoting TraderUSA
  
  Forex is a trillion business transaction every day, don't the people who trade forex knew better, informed substantial about this? No, it doesn't seem so. Look at the way they rally the euro totally out of proportion. The rally does not have any thing to support for...Now, your guys is talking about this aftermath to educate them, it was too late. Or maybe this is one of your guys propaganda for the market trend the way your trend. This is totally suck. Eventually small investors just quit because they can not realize on anything the media say no...
  
  learn charts & price action, not NEWS learn charts & price action, not NEWS
- Feb 21, 2012 7:06pm
- #8
- Quote
- lmino 85
  
  11 posts
- Don't get mad. Get smart and join the party going up or down. Don't get mad. Get smart and join the party going up or down.
- Feb 21, 2012 7:15pm
- #9
- Quote
- jetkim
  
  117 posts
- Quoting bigslice54
  
  learn charts & price action, not NEWS
  
  right now? no technicals or fundamentals can undermine the news...it is clearly price manipulation not action... right now? no technicals or fundamentals can undermine the news...it is clearly price manipulation not action...
- Feb 21, 2012 7:20pm
- #10
- Quote
- pwfx
  
  19 posts
- Opening Asia Market : EURUSD is hard to climb up ?
  See D1 time frame : price movement under EMA 100, power to go down and down again same as actual conditions in EU.
  Do not buy/sell based on news/rumors , learn price movement in chart , but still maintain risk management. Good Luck Guys Opening Asia Market : EURUSD is hard to climb up ? See D1 time frame : price movement under EMA 100, power to go down and down again same as actual conditions in EU. Do not buy/sell based on news/rumors , learn price movement in chart , but still maintain risk management. Good Luck Guys
- Feb 21, 2012 7:23pm
- #11
- Quote
- Guest
  
  IP XXX.XXX.45.178
- http://www.zerohedge.com/news/iifs-d...ful-greek-deal [url]http://www.zerohedge.com/news/iifs-dallara-warns-holdout-greek-bondholders-could-kill-successful-greek-deal[/url]
- Feb 21, 2012 7:24pm
- #12
- Quote
- kostakaini
  
  11 posts
- there is the bank holidays for the fin. institutions is there any no trade date for retailers if it no such day lets form it for todays date it was the most silly and borring session ı lived for the past 5 years
  dirty rotten filthy sticking ...................
  if we the greeks believe that todays session would be like this we wouldnt get the moneeeeeeeyyyyyyyyyyyyyyy there is the bank holidays for the fin. institutions is there any no trade date for retailers if it no such day lets form it for todays date it was the most silly and borring session ı lived for the past 5 years dirty rotten filthy sticking ................... if we the greeks believe that todays session would be like this we wouldnt get the moneeeeeeeyyyyyyyyyyyyyyy
- Feb 21, 2012 7:25pm | Edited at 7:38pm
- #13
- Quote
- webart
  
  289 posts
- Manipulation ? The manipulators create a corrective pattern ? Lower highs and higher lows. Strange manipulation, I thought the 'manipulators' would have at least gone the few extra pips and created a new swing high overnight.
  
  What I see is the last swing high, although a lower high, found resistance on the medium term median line (about 1 month old and 15deg slope).
  
  1.3220 is also the top of a median term down channel, and we are now sitting on that. If we break much bellow 13220 then we might see some downside, otherwise we will see upside in a few hours. It's a tough one, but 13220 is key today, above or below it. Manipulation ? The manipulators create a corrective pattern ? Lower highs and higher lows. Strange manipulation, I thought the 'manipulators' would have at least gone the few extra pips and created a new swing high overnight. What I see is the last swing high, although a lower high, found resistance on the medium term median line (about 1 month old and 15deg slope). 1.3220 is also the top of a median term down channel, and we are now sitting on that. If we break much bellow 13220 then we might see some downside, otherwise we will see upside in a few hours. It's a tough one, but 13220 is key today, above or below it.
- Feb 21, 2012 7:31pm
- #14
- Quote
- krisware
  
  570 posts
- In my eyes ... Greece already defaulted ... now I'm lookig towards Spain, Portugal and Italy (other PIGS)... Greece is going to default anyway, If not now then in few months In my eyes ... Greece already defaulted ... now I'm lookig towards Spain, Portugal and Italy (other PIGS)... Greece is going to default anyway, If not now then in few months
- Feb 21, 2012 7:32pm
- #15
- Quote
- pwfx
  
  19 posts
- Quoting bigslice54
  
  learn charts & price action, not NEWS
  
  Take a note : Time schedule of Hot News from FF or others media, but if we will enter to the market better learn price movement in chart and follow the trend.
  Yesterday it is hard for EURUSD to climb up during europe and US market , and today same also , it is hard to climb up in opening Asia market.
  I saw in D! time framethe price movementis still under EMA 100, actually Greece is defoult,its only a matter of time.
  Safe to be safe : Going down /sell to 1.2985 Take a note : Time schedule of Hot News from FF or others media, but if we will enter to the market better learn price movement in chart and follow the trend. Yesterday it is hard for EURUSD to climb up during europe and US market , and today same also , it is hard to climb up in opening Asia market. I saw in D! time framethe price movementis still under EMA 100, actually Greece is defoult,its only a matter of time. Safe to be safe : Going down /sell to 1.2985
- Feb 21, 2012 7:43pm
- #16
- Quote
- kostakaini
  
  11 posts
- Let me give you some additional info from Athens
  People are really indiferent for todays morning news.
  Tonight I was out you could hardly see car in seaside road for those who know Athens is the line from Piraeus to Glyphada .
  This will not be the first default for Greek history the previous one was really very similar to this one same political approach and really identically similar things .
  Goodnight from Athens guys ..... Let me give you some additional info from Athens People are really indiferent for todays morning news. Tonight I was out you could hardly see car in seaside road for those who know Athens is the line from Piraeus to Glyphada . This will not be the first default for Greek history the previous one was really very similar to this one same political approach and really identically similar things . Goodnight from Athens guys .....
- Feb 21, 2012 7:53pm
- #17
- Quote
- pwfx
  
  19 posts
- Quoting bigslice54
  
  learn charts & price action, not NEWS
  
  e
  
  All EU countries have to increase their export activities,they do not want EURUSD too strong , otherwise no one buy their product.
  Learn price movement and understood present conditions , then take action to buy or sell this pair. In the long period, this pair should go down below 1.3000.
  Good Luck e All EU countries have to increase their export activities,they do not want EURUSD too strong , otherwise no one buy their product. Learn price movement and understood present conditions , then take action to buy or sell this pair. In the long period, this pair should go down below 1.3000. Good Luck
- Feb 21, 2012 7:53pm
- #18
- Quote
- webart
  
  289 posts
- Thanks for the info Kostakaini .... all the best. I think maybe it is better for Greece to default, but not better for those exposed to the debt. Thanks for the info Kostakaini .... all the best. I think maybe it is better for Greece to default, but not better for those exposed to the debt.
- Feb 21, 2012 8:18pm
- #19
- Quote
- kostakaini
  
  11 posts
- Giving money includes risk otherwise we wouldnt pay interest rate .
  The dog bites sometime its nature is like that .
  İf you ask me personally it is better for us to default and return to drahma .
  This will give us the chance to return to our inner dynamics .
  Greek people became they helped for that to produce only frape .
  Greece was producing some time ago .
  We have to return back to our inner routes there is no other way. Giving money includes risk otherwise we wouldnt pay interest rate . The dog bites sometime its nature is like that . İf you ask me personally it is better for us to default and return to drahma . This will give us the chance to return to our inner dynamics . Greek people became they helped for that to produce only frape . Greece was producing some time ago . We have to return back to our inner routes there is no other way.
- Feb 21, 2012 10:41pm
- #20
- Quote
- bigslice54
  
  254 posts
- Quoting jetkim
  
  right now? no technicals or fundamentals can undermine the news...it is clearly price manipulation not action...
  
  if you missed the entry @ 1.3250, now is the last chance to short if you missed the entry @ 1.3250, now is the last chance to short
- Feb 22, 2012 11:45am
- #21
- Quote
- bigslice54
  
  254 posts
- OK...EU jumped above 1.325- just long enough to give everyone 1 more opportunity to enter w very low risk. Enjoy the fall OK...EU jumped above 1.325- just long enough to give everyone 1 more opportunity to enter w very low risk. Enjoy the fall
- Guest
  
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Story Stats

Posted: Feb 21, 2012 6:16pm

Submitted by: OANDA

Category: Fundamental Analysis
1,453 Views
21 Comments

oluaye, TraderUSA, sureshort(2), bigslice54(2)(3)(4), realjumper, lmino 85, jetkim, pwfx(2)(3), Guest, kostakaini(2)(3), webart(2), krisware

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Greece Gets Reprieve But Default Still A Possibility