EurAnalysis

already manual tp

you shorted Cable as well?

I figured it would hang up on the 5500 support zone... observing PA to see if it holds through the hour

nope , didnt pay too much attention to market/pairs today, friday is relaxing day lol

ya im just practicing some range breakouts on Demo.... Im not good enough to try trading this market live with all the FA flying around

This is why I currently watch funny clips on YouTube, and protecting weekly gains:

It seems like it's open season for government officials in the media.
Everyone is coming out with a comment on the EZ crisis and Greece.
15 Jun 9:40:25
Source: http://www.dailyfx.com/real_time_news

the bear movement likely caused by the break of uptrendline tou , and now below several sp zone ,soo time to 'sideways' dance i think

most likely.... all will be revealed in price... a failure to close above the 5500 keeps the bears in control.... FA is certainly down for this pair with the press release tonight... So Im holding short until the 5500 is decided... either way its a risk free trade now...

5m chart shows compression, so it gonna down like hell in any moment (i think)

i shorted at 2645 because of the overbought RSI and CCI, and 4hr cci divergence, feel like we may go down until U.S. session then may get another short cover for the weekend

Ya I added another small position at 5504 short... still risk free... stops at 5522 for the whole position

Agreed...

Ok Im done.... set a few alarms letting me know the trade either failed or hit my next level.. im gonna grab some sleep

nite guys

Today's moves mean nothing. Sunday will be the decider for where we go mid-term. 200 to 400 pips up or 200-400 pips down. Until then, it will be chaotic consolidation while traders and investors cover or hedge their positions.

The Saudi Guys Messed up the whole Market for the sake of euro , nothing works any more , niether fundmental nor technical lol

SAMA is Taking over the movements lol

trying to add 5m chart but it wont let me add any attachments for some reason, keep getting message that says server could not understand my request

that bull now likely caused by bull divergence

Only giving me + 10 pips on the short side so far...hahahhaha.

Even better reason to goto bed!!

look

how i 'see' n also use other indi to spot diver, and till now it works for me , besides news or other. still practice

I wanted to bring few details on what could be expected on monday.

Ok. let's think about players in a game.
1. Big money - institutional - has made their risk analysis on elections. They either hedge their positions or keep them as they are.
2. Big players are the ones who are using situation for their benefit. They are pumping price against expected result in order to gain profits once elections are over.
3. Retail traders are the lemming who have no risk analysis, but just a coin to toss. They either take a risk or stay out of market.

If we look at price action - price has been climbing up since tuesday, which suggests two options - traders are either closing their sells for the weekend or price has been pumped up by players like SAMA. Since they want to optimize their profits on elections they seem to bet Syriza, which has been predicted to drop price if they win.

Syriza is a populist party using harsh language and saying what people want to hear - no matter is it realistic or not. People of Greece hear what media will tell them and currently they don't hear Europe's message on bailout program. They want to believe in change.

That is not all, of course - there is conservatives who understand situation and understand that Tsipras is full of BS. They will vote either PASOK or New Democracy. Then there is a lot of minor parties which will either play along either of sides. According to poll of couple of weeks ago, Syriza seem to have a minor lead - if they win, they'll take extra 50 places in parliament (if I recall right). So they'll have a majority with smaller parties and we will go to negotiations, where pro-bailout parties are ruled out. If first negotiations will fail, there will be two others lead by second and third in elections. If all fails same way as last time, there will be again another round of elections - which could be good for Greece, since as long there is no elected government EU must withhold agreement and provide funding for Greece. Since we all know how crooked Greek politicians are that card is played easily - and round we go.

Separation from Eurozone is different issue. Elections have no effect on that. Greece will not exit unless they are economically forced to do so. As long there is no government there is no party to decide on that - they'll hang on it like drowning man in a straw.

Ok - let's look at price action again- big players know that greece will not leave Euro-zone - not at least yet. So Elections have only media effect - and that's what all retails traders (us) are listening. Biggies will not make a move before London opens.

Price has been pumped up, which predicts Syriza winning, and player reaction down, where lemmings hop in to the Sell-party.

What I suspect - there is an option, that all players are out of market, which means that price will not pop on opening, but after they open.

What ever, I'm still staying out of market and I'll be watching price when market opens.