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  • Greek euro tragedy nears final act

    From guardian.co.uk

    The Greek euro tragedy is reaching its final act: it is clear that either this year or next, Greece is highly likely to default on its debt and exit the eurozone. Postponing the exit after the June election with a new government committed to a variant of the same failed policies (recessionary austerity and structural reforms) will not restore growth and competitiveness. Greece is stuck in a vicious cycle of insolvency, lost competitiveness, external deficits, and ever-deepening depression. The only way to stop it is to begin an orderly default and exit, co-ordinated and financed by the European Central Bank, the ... (full story)

au revoir GREEK......
Greek is going to default us......
Always Be +ive
So why is the Euro up this morning?
Quoting Mosmoney
So why is the Euro up this morning?
Becos of Middle Eastern buyers at .26428 area, a technical support line

Let's see if ACB sellers at .270/10 can send it back.......
Don't think its fair play.. the issue is bigger than small traders
where will EU go now?
  •  Guest
  • | IP XXX.XXX.209.20
Greece will vote pro bailout. And with this they stay in the Euro for a while, making the bubble ever larger, and hundreds of billiions more will be flushed trough the toilet. It's in everybody's interest that this little country leaves the eurozone. They will vote pro bailout and will laugh about us, just to bully us.
ACB - what do you mean ?
Asia Central Banks
so the fundamental is so important in trading
  •  Guest
  • | IP XX.XXX.115.43
That is the cheating that dis guys does, they will will never allow the market to recovers easily on its own,draghi and merkel hike the market every time, is it up to one year that claude jean trichet left and market is spoilt for euro. Draghi should not have been ecb president, things will now change for better since trichet wants to help them out. But it has get out of hand, let see, greece crisis has been existing since before trichet step down in november and he knows how to manage the problem before he left and this has escalate with draghi, i can even manage the situation than worst draghi, i am sure it would not affect my usa currency and world market, if euro goes to default! Will only affect minority that are stockbrokers, manny that does not know more than to use their lifeline on stocks of europeans!
  •  Guest
  • | IP XXX.XX.154.24
Rumor on intervention
It'll cost the Euro zone alot more if they leave. Thus why so much emphasis on trying to keep them in and making them stick to their austerity plans.
Greek exit plan just denied by German financial minister...anyway final act should be extremely good for euro and traders nerves if true but question is: how far up can it go with this overly bearish scenario? on the downside 1.19/1.20 seems a decent target
I mentined in my other post farting, if I am a big player, I will rally EUR/USD now hard north and show the Greek gits Left Party (behaving like the Iranian president threatening the world with its fking debt!!!!) that the world still spin without them in the Eurozone!!!!!! Up yours Tsipiras, or whatever git name you are!

O well, I might be dreaming as the trend is still down - only if I'm a big player

If Greece stays in Eurozone, there will be even more turmoil after their election, never ending story!
  •  Guest
  • | IP XXX.XXX.149.89
i think the euro zone will hold the greece..chm
1.19 seems like a reasonable level if 1.2625 breaks. However, would not be surprised to see it going down to 1.12, especially if US avoids any kind of additional monetary stimulus
It mentions that Euro currency will not go down, how can it be possible with so much capital loss in supporting Greece until the moment and that will be needed in the future even if Greece leave the EU...
Quoting nunonuk
It mentions that Euro currency will not go down, how can it be possible with so much capital loss in supporting Greece until the moment and that will be needed in the future even if Greece leave the EU...
printing money out the ass
It's really funny. Most of people here are talking about huge short/long moves but all of you takes average of 50 pips TP per trade
I'm sure there are people here who have two or more accounts. For instance, i have a scalping account and a swing account. My scalps carry range of 15-20 pips for each order. However, my swings carry IRO 100-200 over a period of time.
Quoting moaf
It's really funny. Most of people here are talking about huge short/long moves but all of you takes average of 50 pips TP per trade
people are scared because they lack a model that enables them helicopter ability. To gain helicopter ability you must have a bounded model or map of the market that works. It is only then that you can see direction with the type of confidence that allows riding of trends. That requires sophistication of understanding that lots of traders (including most pros) lack. A few have and some of us are gaining it.
Quoting moaf
It's really funny. Most of people here are talking about huge short/long moves but all of you takes average of 50 pips TP per trade
Hey buddy, never underestimate the accumulation of 4-5 trades of 50pips TP. Unless forex is a straight line up and down, you are never knowing what you are going to get, so take TP while you can - otherwise there is a yellow submarine still waiting to take in more crew before it submerge further.

Just look at big players TP, do they go in hundreds of pips in a go? Well apart from BIS and Goldman Sach who have been successful and one of my buddy (starts with z). The rest of retail traders have finite account, so for moi and my pathetic account, taking 50pips TP is logical.

BTW just completed a round trip down from last night and up this morning of 203pips, with 50pips TP steps. If I had stick with single trend and not taking TP as I go along, I would have only less than 40pips TP now
Quoting moaf
It's really funny. Most of people here are talking about huge short/long moves but all of you takes average of 50 pips TP per trade
I love to TP of 50 pips... It's quicker and not so stressful...
While someone is on his journey to get 200PIPs, other one can make more than that without waiting so much.
I prefer active/scalping exciting trading strategies than long boring strategies.
Also it depends always the number of lots you trade!
I am not against 50 pips trade. I am talking profits like this too (very often). It's just funny that everybody talking about 1,20 and they cash short 50 pips TP, wait another 50 pips, get long and then start talking about 1,60 to do the same but with longs.
how about gold were it will go?
Quoting moaf
I am not against 50 pips trade. I am talking profits like this too (very often). It's just funny that everybody talking about 1,20 and they cash short 50 pips TP, wait another 50 pips, get long and then start talking about 1,60 to do the same but with longs.
LOL I get you now.

To every trade there is a TP on the right hand side and a yellow subamrine on the left. So traders including myself are scare to get into the submarine to be submerged underwater.
Quoting ninaps
where will EU go now?
eu will up a lil bit for a correction..
so we all can sell again at good price
LOL
Quoting Haroon MMA
how about gold were it will go?
to the right.. LOL
@jonahky7
true (including myself too).
Quoting moaf
@jonahky7
true (including myself too).
Becareful and watch where that crap new IPO corporation fartbook (facebook) will send the currency pairs in 20mins.

I'll buy some of the facebook shares and sell them immediately for quick money then short that empty shell company to closure (sorry I was only dreaming). It will be the next big thing to bring down US of A economy, just watch it.
Any projections on what effect on the market could bring the G8 meetings?
Quoting Zozayamusic
Any projections on what effect on the market could bring the G8 meetings?
Look out for this word CONTAGION after the meeting, if there is such a word then prepare to dive down south, otherwise the opposite
Quoting jonahky7
Becos of Middle Eastern buyers at .26428 area, a technical support line

Let's see if ACB sellers at .270/10 can send it back.......
hi jonahky, do you have any link or source to know whether Middle Eastern buyers will buy at that level or will buy today?
hey buddy, the sources are forexlive or twitter.
As always, overblown "news" from the guardian.
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  •  Guest
  • | IP XX.XXX.38.49
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  • Story Stats
  • Posted: May 18, 2012 5:28am
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 36  /  Views: 7,826