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  • #942,241
  • Dec 9, 2014 1:43pm Dec 9, 2014 1:43pm
Quoting gatorinla
anyone seeing Greece leave the euro?
Ah, the infamous "Grexit"? Wasn't that being debated over since at least 2012?

And to answer your question: not right now. I think Greece i also watching the ECB; we'll probably see Greece's government trying to delay it the exit.

Pro-Grexit economists say that withdrawing=inevitable, and that delaying only hurts the EU lenders more, but I just can't see that happening right now given the political implications.Greece leaving the Euro would be a clusterfuck of epic proportions for the Greek government; Greece's economy would tank like hell, dropping its already lowered living standards even more. Then we'll get even more riots and instability for the time being. I guess if they're desperate enough, they'll do it, but until then, I doubt it.

We still need more information right now before any clear guess for Greece's exit can be made. I mean, we've had extremists say Greece will leave in 2012, 2013, and 2014. Well, as far as i'm concerned, we've nothing concrete to make a proper say.
  • #942,242
  • Dec 9, 2014 1:48pm Dec 9, 2014 1:48pm
Quoting janpec1000
{quote} Nope cant never happen with corrupt politics inside of country. Plus if they would have want to leave they better would have done before IMF started to loot their country. Now damage has been done, thogh its not yet too late to stop if going further.
i heard that one before.
they change the law imf 0
those who can, do. those who cant, talk about those who can
  • #942,243
  • Dec 9, 2014 1:49pm Dec 9, 2014 1:49pm
Quoting gatorinla
{quote} a normal retrace was 118.41/135.19. before 68.09.. after 118.41.. tech wise, it was time to be cautious. 68.09 is unlikely, but the will to attempt is built in the pair. just like 2480 eu is now, it has a tendency to at least try. and most times makes it.
I think it'll come down to the closing prices of the New york market. If it's around 1.2350, I'd say it can go either way. Above 1.2370, we'll probably see another run up. If it's between 1.230~1.2350, I'm slightly leaning towards an attempt to the lows.

I think 1.230 is the key support for the moment. We'll probably have the "minimum (highest)" bullish support at around 1.234. So yes, I expect the current support of 1.2380/1.2370 to be breached, even if it's for a little while.

Edit: What are you key points for the EUR/USD?
  • #942,244
  • Dec 9, 2014 1:51pm Dec 9, 2014 1:51pm
Greece can again attract attention of markets. If new president is not elected until 29th December then new elections must be held and populist Syriza can take over the power after them.
  • #942,245
  • Dec 9, 2014 1:51pm Dec 9, 2014 1:51pm
Quoting fxtyrant
{quote} do not be too surprised if it pushes up to 1.24 to take out stops before it comes back down.
Am i amazing or what??
Btw am quite surprised by usdjpy my long usdjpy got troggered at 118, closed it for a quick profit already
Too bad my gbpjpy didnt get triggered had it sent at 184.8
With that fast profit from usdjpy. This is my daily
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We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #942,246
  • Dec 9, 2014 1:53pm Dec 9, 2014 1:53pm
Quoting fxtyrant
{quote} Am i amazing or what??
Welcome back, tyrant.

And to answer your question: No, you're not. You're not amazing; you're FxTyrant. A description by any other word would not be fitting.
  • #942,247
  • Dec 9, 2014 1:56pm Dec 9, 2014 1:56pm
Quoting gatorinla
anyone seeing Greece leave the euro?
ironically was discussing this with a very known pal in the broker industry....

22 jan ecb (great chances for QE...if not the announcement of when)
25jan / 1 feb /8 feb (25jan and 1feb most likely dates) are the candidate dates for greek elections (99.9% that will happen)

great chances for 2 elections until a coalition government is formed (highly unlikely the wining party will have the absolute majority in the parliament to form a government)

here is the funny stuff...

the chances are that syriza is going to be the winner of both elections, rumors have it that they will announce a referendum for euro or no euro after forming a government OR even promise it during the election process

i dont know if anyone understands what this will mean IF it happens (either way)

Greece is nothing not even has the same power as cyprus (offshore, money centre etc).... BUT its the first piece of a "eurodomino".... and in fact the weakest part... thats why everyone is so concerned about a grexit

interesting reading...of a memo http://www.protothema.gr/files/1/201...fo00stampa.jpg (in english)

Ps gatorinla do you have handy of Nov2011? what happened when the last time a stupid greek prime minister suggested to his fellow PMs to have a referendum regarding the "euro or not" issue in greece?
  • #942,248
  • Dec 9, 2014 1:56pm Dec 9, 2014 1:56pm
Quoting Vermillion
{quote} Welcome back, tyrant. And to answer your question: No, you're not. You're not amazing; you're FxTyrant. A description by any other word would not be fitting.
Amazing by the fact a lot of ppl here trusted me to go short eurusd, i did warn that eurusd may head to 1.24 some pf these shorters who took my advise on the 1.24 level to short is by now in profit. I myself am short from 1.2370, but ultimately target is still 1.2280 for me
Anyways back to sleep.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #942,249
  • Dec 9, 2014 1:59pm Dec 9, 2014 1:59pm
Quoting fxtyrant
{quote} Amazing by the fact a lot of ppl here trusted me to go short eurusd, i did warn that eurusd may head to 1.24 some pf these shorters who took my advise on the 1.24 level to short is by now in profit. I myself am short from 1.2370, but ultimately target is still 1.2280 for me Anyways back to sleep.
I think it helps that you actually post your trades and profit on most of them on average. And if your photos are accurate, then the size of your account would also serve as an indirect form of credibility.

Still watching the 1.2370 support.....
  • #942,250
  • Dec 9, 2014 2:02pm Dec 9, 2014 2:02pm
Quoting fxtyrant
{quote} Amazing by the fact a lot of ppl here trusted me to go short eurusd, i did warn that eurusd may head to 1.24 some pf these shorters who took my advise on the 1.24 level to short is by now in profit. I myself am short from 1.2370, but ultimately target is still 1.2280 for me Anyways back to sleep.
cha-ching ...

what a damn DAY! but gave us all opportunity to reload from a more then beautiful level across the board
  • #942,251
  • Dec 9, 2014 2:25pm Dec 9, 2014 2:25pm
Quoting Liam0530
{quote} cha-ching ... what a damn DAY! but gave us all opportunity to reload from a more then beautiful level across the board
Enjoy it buddy, gona head back to sleep
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #942,252
  • Dec 9, 2014 2:38pm Dec 9, 2014 2:38pm
cant be this much simple right ?
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  • #942,253
  • Dec 9, 2014 2:45pm Dec 9, 2014 2:45pm
Quoting letscry
cant be this much simple right ? {image}
No, it's better. The trendline support isn't 1.234; it's almost guaranteed to retest the 1.224 margin once more. 1.234 is one of the supports, but it can easily be breached within a day or two.

In other words, if you're short now, don't take profit until we go down to 1.22 levels, and only close out with a loss if price breaches 1.245 and tests it as a new support.
  • #942,254
  • Dec 9, 2014 2:55pm Dec 9, 2014 2:55pm
Am I too late for the party, has the correction over yet, can I short at this level?

Anyone please advise?
  • #942,255
  • Dec 9, 2014 3:17pm Dec 9, 2014 3:17pm
Quoting Forate
Am I too late for the party, has the correction over yet, can I short at this level? Anyone please advise?
Why would you short now...wait for asians or europeans to spike it higher first. You lose nothing by waiting...
Everyone can see the chart, but only a few can actually read it.
  • #942,256
  • Dec 9, 2014 3:30pm Dec 9, 2014 3:30pm
Quoting Forate
Am I too late for the party, has the correction over yet, can I short at this level? Anyone please advise?
I think it is better to wait at .234x area to find another entry.
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  • #942,257
  • Dec 9, 2014 3:40pm Dec 9, 2014 3:40pm
aussie 1hr is looking interesting, she has popped the falling tl in conjunct with 50sma
todays open, the 50sma and/or a retest of the faalling tl could prove decisive for a bigger bounce, my marker is 8320

on daily there is anothe lower falling tl in play around here aswell, There is a couple of minor yen & aussie data releases later, but Im thinking yuan release could be the best indicator, if nothing there tomorrows kiwi data should do it

longs would be counter trend with associated risk, a decent bounce is good for bears
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  • #942,258
  • Dec 9, 2014 4:13pm Dec 9, 2014 4:13pm
Quoting gatorinla
uj had a nutkick.. its either going ro remain bullish or drop to 114xx it looks like atm.. many times that second drop would wait at 119.88/89 till about 121.84...w/o a hh ..some other R at 120.39 ish.. bears usually wait for 119.88.. atm level 119.05 with low at 117.93.. S at 118.41 and 116.44
getting near..up to 119.78 so far, atm 119.68
those who can, do. those who cant, talk about those who can
  • #942,259
  • Dec 9, 2014 4:32pm Dec 9, 2014 4:32pm
Quoting OnlineAddict
{quote} Why would you short now...wait for asians or europeans to spike it higher first. You lose nothing by waiting...
Thanks will wait.
  • #942,260
  • Dec 9, 2014 4:36pm Dec 9, 2014 4:36pm
Quoting mcfbcmnfsz1
{quote} I think it is better to wait at .234x area to find another entry. {image}
Thanks
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