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  • #658,101
  • Jun 17, 2012 9:13am Jun 17, 2012 9:13am
Quoting Zorofx
when is election?



I can see no change in oanda charts
I think Oanda are not taking any order and closed for weekend this time?
  • #658,102
  • Jun 17, 2012 9:16am Jun 17, 2012 9:16am
Quoting Zorofx
when is election?



I can see no change in oanda charts
you're not even going to see any movement until 2:00pm est during normal times. even if you see the price moving, it's not like you are going to take any trades with 20 pips spread, are you?
  • #658,103
  • Jun 17, 2012 9:17am Jun 17, 2012 9:17am
Quoting Passerby
I think Oanda are not taking any order and closed for weekend this time?
EURUSD only went up 2 pips for the weekend.
AUDUSD did 10pips!

though, I didn't get that from oanda!
Perfect Trading Core completed on 13/10/2012 : 2002-2012 |10yrs
  • #658,104
  • Jun 17, 2012 9:23am Jun 17, 2012 9:23am
The greeks are having an Erection?? You mean all of them???
  • #658,105
  • Jun 17, 2012 9:24am Jun 17, 2012 9:24am
Quoting 1stECN
EURUSD only went up 2 pips for the weekend.
AUDUSD did 10pips!

though, I didn't get that from oanda!
dear lord...
  • #658,106
  • Jun 17, 2012 9:24am Jun 17, 2012 9:24am
Quoting Mr.MaginCole
The greeks are having an Erection?? You mean all of them???
yes.
  • #658,107
  • Jun 17, 2012 9:25am Jun 17, 2012 9:25am
Quoting Passerby
Dollar in technical perspective is surely bearish, breaking below key support. But one hell of bad news could ruin any technical. But maybe the bearish dollar could provide some support for EU.

I think anyone would stay awake this time to see how FX market open even if they don't have any position. I do feel that EU will lost in a range, this is just a hunch and I don't trade on these kind of thing. My trade plan for the coming weeks is grab and run.
Eurogroup head Jean-Claude Juncker has reportedly told Austrian newspaper Kurier that there is no room for renegotiating the substance of the Greek bailout package.
All that is left in FF is just plain garbage. "Cloggie"
  • #658,108
  • Jun 17, 2012 9:27am Jun 17, 2012 9:27am
For those who have on positions this weekend: What will you do if it doesn't go your way tonight or maybe tomorrow? Will you continue to hold the position for a few days or longer?

I'm curious because so much is rested on the election, and it could be a great trading opportunity. Although, the more I read the more it sounds like it does not matter who wins - they still only have 72 hours to form a government. That is still so odd to think about. Many feel Greece will still collapse.

"“The despairing ones vote for Syriza and they hope maybe they can change something. The people of the middle class that still have something to lose, some deposits or their houses or they still have a job, they are afraid and maybe they will got to New Democracy.”

“The problem,” Mr. Xydakis said, is that New Democracy “is very corrupt and very weak. They don’t have the moral and the political gravitas” to lead."


“Nobody wants to step out from the euro zone because they know there will be more pain and more suffering in this transition period,” Mr. Xydakis said. “But also people cannot afford austerity, it has ruined the economy.”

(http://www.nytimes.com/2012/06/18/wo...ss&emc=rss)

So, it may be possible to grab a quick pip if New Democracy wins, but I do not think it will not last long.

But for those who think the Euro is going to 1.3 or higher: the EUR/USD all time high was 1.5893 I believe. Maybe 1.3 but anything higher would be just craziness.
  • #658,109
  • Jun 17, 2012 9:34am Jun 17, 2012 9:34am
Quoting Sunnybeach
I believe you only read something in China but have never been in China.
China is not communis but in fact national capitalism. There is no dictatorship in china but a corrupted party.

I don't know if there is a correct term for what they are... they have created their own system. .... let me re state my position as...

no centrally planned dictatorship ever succeeded in anything but imploding, and that is the China's future as well.... what label we put on the exact form of government doesn't matter...
  • #658,110
  • Jun 17, 2012 9:36am Jun 17, 2012 9:36am
Bit of pre election humour for you.

This guy had me in stiches

"We not lazy , we are just resting".....lol

Inserted Video
I need to finish something i started
  • #658,111
  • Jun 17, 2012 9:42am Jun 17, 2012 9:42am
Quoting Mr.MaginCole
The greeks are having an Erection?? You mean all of them???
The correct term is Election. This is a process through which people elect their representatives. Errection is not a process but a state that leads to a process. That other prcess normally causes selecting a dictator for life. However, some errections also lead to a process but dictator may or may not be selected. This is even worse because it causes you to lose all or part of your financial strength. Some people follow yet another process, that doesn't cause loss of funds but some energy.

Only persons eligible to vote over a certain age limit can participate in an Election. However, women and children cannot have an errection. We should not forget many elderly males, they also cannot participate in errection unless with the help of Viagra.

I hope this helps.
The Thief of Wall Street
  • #658,112
  • Jun 17, 2012 9:42am Jun 17, 2012 9:42am
Quoting pip_trader
For those who have on positions this weekend: What will you do if it doesn't go your way tonight or maybe tomorrow? Will you continue to hold the position for a few days or longer?

I'm curious because so much is rested on the election, and it could be a great trading opportunity. Although, the more I read the more it sounds like it does not matter who wins - they still only have 72 hours to form a government. That is still so odd to think about. Many feel Greece will still collapse.

"“The despairing ones vote for Syriza and they hope maybe they...
Many think that Euro will go down, but only a tiny fraction actually let their short open or open new one. Last week open short position decreased from 33B+ to around 30.5B, if they actually come back at once when market open things could get nasty. This is actually not a time for a trader, gambler would love this situation.
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  • #658,113
  • Jun 17, 2012 9:47am Jun 17, 2012 9:47am
Quoting Crassius
I don't know if there is a correct term for what they are... they have created their own system. .... let me re state my position as...

no centrally planned dictatorship ever succeeded in anything but imploding, and that is the China's future as well.... what label we put on the exact form of government doesn't matter...
Go to china, discuss with people there by yourself. I am sure that you will have different opinion.
  • #658,114
  • Jun 17, 2012 9:48am Jun 17, 2012 9:48am
Quoting Chicky
The correct term is Election. This is a process through which people elect their representatives. Errection is not a process but a state that leads to a process. That other prcess normally causes selecting a dictator for life. However, some errections also lead to a process but dictator may or may not be selected. This is even worse because it causes you to lose all or part of your financial strength. Some people follow yet another process, that doesn't cause loss of funds but some energy.

Only persons eligible to vote over a certain age limit...
thankfully I can take part in election and erection both
  • #658,115
  • Jun 17, 2012 9:49am Jun 17, 2012 9:49am
Quoting Sunnybeach
Go to china, discuss with people there by yourself. I am sure that you will have different opinion.

No I won't. I dont need to talk to repressed people to know they will sooner rather than later overthrow their masters....

but I realize your government is monitoring every communication you have online.. especially political ones so I'll drop it before you get sent for re-education.
  • #658,116
  • Jun 17, 2012 9:52am Jun 17, 2012 9:52am
I think the greek election is overrated, markets have already involved the possibility of the greek bailout from the euro.

So whatever happens today in greek, the markets will not move that extreme.
Greece is not important for europe, but costs for the good economic situated countrys immense of money. If they get out of the euro it will be seen positive. So i don't think the euro will go down that much, i expect a rise up (after it may fall a little to the downside before).
  • #658,117
  • Jun 17, 2012 9:55am Jun 17, 2012 9:55am
Quoting Zorofx
thankfully I can take part in election and erection both
Kalo............................... proi proi pucha soo apano ine?
The Thief of Wall Street
  • #658,118
  • Jun 17, 2012 9:56am Jun 17, 2012 9:56am
Quoting Napoleon180
I think the greek election is overrated, markets have already involved the possibility of the greek bailout from the euro.

So whatever happens today in greek, the markets will not move that extreme.
Greece is not important for europe, but costs for the good economic situated countrys immense of money. If they get out of the euro it will be seen positive. So i don't think the euro will go down that much, i expect a rise up (after it may fall a little to the upside before).
I do not know about that. I have read that if Greece left, Europe would be responsible for their debt up to 270 billion Euros. For a region who have that much debt, 270 billion Euros does not help.

Also, the election is not overrated for the starving, sick and homeless Grecians.
  • #658,119
  • Jun 17, 2012 10:00am Jun 17, 2012 10:00am
Quoting Whimtradr
SCENARIO #1: New Democracy wins elections and has parliamentary majority (> 151 votes) – EUR BULLISH – 10%
SCENARIO #2: New Democracy wins elections but does not have majority – EUR BEARISH (least bearish outcome) – 45%
SCENARIO #3: Syriza wins elections but does not have majority – EUR BEARISH (increasingly bearish outcome) – 40%
SCENARIO #4: Syriza wins elections and has parliamentary majority –EUR BEARISH (most bearish outcome) – 5%
Early polls confirm pre-election analyses that no party will win absolute majority.
Follow me on twitter @whimtradr
  • #658,120
  • Jun 17, 2012 10:01am Jun 17, 2012 10:01am
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