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  • Top euro policymakers at odds over Greek debt fix

    From ekathimerini.com

    The European Union's top economic official sought to rule out any write-off of Greece's debt to governments on Thursday after a European central banker said for the first time that a haircut on part of it was probable. A row between eurozone governments and the International Monetary Fund over how to make Greece's giant debt mountain manageable is holding up the release of 31 billion euros ($39.5 billion) in emergency loans needed to keep Athens afloat. IMF officials have argued privately that some write-down for eurozone governments is necessary to make Greece solvent but Germany, the biggest contributor to the ... (full story)

Here's the bottom line...European leaders will cave and give Greece everything is needs to stay in the Eurozone. They will talk tough up until the deadline to "save Greece," but they will give them all the money they need. They always have and always will. Euro will rally again!
That we all knew, but when the unification!! Because tax laws different for each serves no more!!
Quoting Tw0eleven
Here's the bottom line...European leaders will cave and give Greece everything is needs to stay in the Eurozone. They will talk tough up until the deadline to "save Greece," but they will give them all the money they need. They always have and always will. Euro will rally again!
You're a great trader mate. I don't know how you do it but you just do it.
Don't Fight Forces, Use Them.
Quoting Timetraveler
You're a great trader mate. I don't know how you do it but you just do it.
Thanks for the kind words, but I'm no different than many others on here.

To be honest, I quit believing in what was written here on ForexFactory and just started trusting price action. Don't get me wrong, FF is useful to know when major news events are coming out...but I only use that information to know when a move is about to happen. I DO NOT use the news to trade...example, if NFP is better than expected I don't just go long the US $. I may go long or I may go short based on what the charts say leading up to the news release.

Bottom line...Price Action is all you need to know to be on the right side of the trade. The news just helps make price move!
Quoting Tw0eleven
Here's the bottom line......
Imagine they just don't give the money, what happens? Mayhem in Greece, lots of trouble for the Greeks. Greece still owes the money to whoever... time passes and then the money goes.

I don't know why they should not give the money, the recent examination by Troika found that reforms are in place. The Greeks should free-issue Ouzo to the Euro parliament and central banks, then fewer arguments (apart from the usual name-calling).
Carbon-Dioxide: the gas of life!
Quoting Tw0eleven
Thanks for the kind words, but I'm no different than many others on here.

To be honest, I quit believing in what was written here on ForexFactory and just started trusting price action. Don't get me wrong, FF is useful to know when major news events are coming out...but I only use that information to know when a move is about to happen. I DO NOT use the news to trade...example, if NFP is better than expected I don't just go long the US $. I may go long or I may go short based on what the charts say leading up to the news release.

Bottom...
Amen to that.
lil squeeze here
sell eur/usd 2720 avg long at 2794 10x. that looked like the gas there. Probably more upside on a longer term trade but i am taking my profit here.
This move up on e/u was predictable... http://www.forexfactory.com/news.php?do=news&id=395171#post6199100

I hope others on here start believing in themselves and their charts....don't let the news confuse you. Just know that the news it was moves the market...your charts will tell you which way!
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  • Story Stats
  • Posted: Nov 15, 2012 9:12am
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 9  /  Views: 2,676