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  • #1,006,241
  • Jun 30, 2015 10:18pm Jun 30, 2015 10:18pm
Quoting fxjesus
{quote} Based on todays action I agree with this but the long term picture depends on whether the 1.14 seller is gone or there is enough interest to push through there. Maybe maybe not. I suspect we could see fake breakouts for next few months or rest of the year. I'd look for trends elsewhere. Lots of people thinking trend this or that way. When people start playing the range properly after it's clear and good size, then we'll get a break.
may be. Do you use charts for trading at all?
Elliott Wave for optimum entry, exit and risk management of trades
  • #1,006,242
  • Jun 30, 2015 10:33pm Jun 30, 2015 10:33pm
Received this from Exness
Quote
Dear Clients and Partners,
Due to the uncertain economic situation of Greece, we wish to inform you that at 17:00 GMT/UTC on Friday, 3 July 2015 (i.e. five (5) hours before the market closes) the leverage will be set to 1:100 thus increasing the margin requirement to 1%. An additional margin will be required in order to maintain your positions open.
Please note that the change in margin requirements will affect both new and already-open transactions in all currency pairs. This measure is intended to reduce your trading risk in case...
  • #1,006,243
  • Jun 30, 2015 10:37pm Jun 30, 2015 10:37pm
Quoting Nabz
Received this from Exness {quote}
message coming left right and centre, anyone holding over weekend is taking huge risk, and will desve to be burnt buttocks, going into nfp same thing caution is wisest
If you are new to Forex? Say Goodbye to your account!!
  • #1,006,244
  • Jun 30, 2015 10:43pm Jun 30, 2015 10:43pm
Thank the SNB for that. Now that brokers have been burnt, you will see more of the leverage margins being finagled over risk events. Wouldn't be surprised if this time 5 years from now the leverages change with every red news marker.

Us in US have 50:1 leverage cap anyway....so at least you still enjoy 100:1 I suppose. Not sure why you'd need any more.
  • #1,006,245
  • Jun 30, 2015 10:44pm Jun 30, 2015 10:44pm
Quoting gatorinla
{quote} on the 1h it worked like this, never to recover {image}
RIP EU.

Look to add to your current shorts tomorrow for the final leg?
  • #1,006,246
  • Jun 30, 2015 10:57pm Jun 30, 2015 10:57pm
Quoting Pharm0r
So at least you still enjoy 100:1 I suppose. Not sure why you'd need any more.
Most I've ever used is 1:70 . I think brokers are right in this matter as the event is on holiday and a few hundred dollar account can easily end up in thousands of dollars in negative balance when markets open. Who in their right mind would keep their positions open this weekend? If I were a broker I would change the leverage to 1:1 for the weekend.
  • #1,006,247
  • Jun 30, 2015 11:12pm Jun 30, 2015 11:12pm
Quoting Pharm0r
{quote} RIP EU. Look to add to your current shorts tomorrow for the final leg?
nope..i am ok with these for now
those who can, do. those who cant, talk about those who can
  • #1,006,248
  • Edited 11:41pm Jun 30, 2015 11:25pm | Edited 11:41pm
Quoting skyhok
{quote} may be. Do you use charts for trading at all?
I do look at PA probably similar way as you for entry level ideas for daily action. I've been looking at managing longer term trades in automated way also so I could just leave things running and not get faked out. I've looked at lot of non-chart based stuff but now knowing the non-chart stuff I can read the charts price action better and have more reliance on it knowing what's underlying the chart patterns.

As to what I'm using for trading and not just "looking", well I have various automated systems under development, so my trading is mostly trying out their premises live before doing the automation. The systems are a) daily system which may use some leverage b) system to determine long term trend bias and reversal probability c) risk management & execution strategy (so if there's some big surprise move, "hopefully" I'm not taking complete hit, need good broker(s) for this) for daily leverage use d) portfolio management, where to keep cash and what put in stocks and when etc.
  • #1,006,249
  • Jun 30, 2015 11:28pm Jun 30, 2015 11:28pm
Greece is getting worst...

i heard...a cup of milk is equal to 5dollar...wtfff
  • #1,006,250
  • Jun 30, 2015 11:39pm Jun 30, 2015 11:39pm
Quoting Nfp
Greece is getting worst... i heard...a cup of milk is equal to 5dollar...wtfff
Way back (don't ask) when I was a kid, I was into coin collecting for awhile. Also some paper money, and I remember having some Greek bills that were like 10,000 Drachma or some such. As a 10-year-old, I thought I was RICH!
  • #1,006,251
  • Jun 30, 2015 11:43pm Jun 30, 2015 11:43pm
i have aquistion

why the market did not explode at 11 pm yesterday (from seven hours earlier ) ??
and when will it explode ?? with london open ???
  • #1,006,252
  • Jun 30, 2015 11:47pm Jun 30, 2015 11:47pm
Quoting zelenko
i have aquistion why the market did not explode at 11 pm yesterday (from seven hours earlier ) ?? and when will it explode ?? with london open ???
This is just my opinion, and I could be totally off, but... I think it's because even though that was the official "pay or default" time, this whole circus has been going on for so long, with so many conflicting statements and opinions, that the markets aren't really sure if this particular event is as important as it should be. If so, then maybe once it sinks in everyone will go, "Oh, it's real!" and off to the races.
  • #1,006,253
  • Jul 1, 2015 12:24am Jul 1, 2015 12:24am
SNB supports the Euro to devalue the CHF to an acceptable level. Obviously there is no reason why the Euro should go through the roof. So to where should it explode ?
  • #1,006,254
  • Jul 1, 2015 12:36am Jul 1, 2015 12:36am
Quoting verified
SNB supports the Euro to devalue the CHF to an acceptable level. Obviously there is no reason why the Euro should go through the roof. So to where should it explode ?
I assumed the "explode" Zelenko was talking about was the $$ vs the Eur.... (a huge drop in the Eur). But now I'm not so sure, and yeah, if not then I agree with you....
  • #1,006,255
  • Jul 1, 2015 12:45am Jul 1, 2015 12:45am
Now, that we have the ( current ) worst case already, I think there will be only one way for EURUSD today, but let's see ...
  • #1,006,256
  • Jul 1, 2015 12:50am Jul 1, 2015 12:50am
Quoting verified
Now, that we have the ( current ) worst case already, I think there will be only one way for EURUSD today, but let's see ...
What do you think up ore down?
  • #1,006,257
  • Jul 1, 2015 12:51am Jul 1, 2015 12:51am
Quoting 3Davy
{quote} What do you think up ore down?
No recommendation, up for me.
  • #1,006,258
  • Jul 1, 2015 12:52am Jul 1, 2015 12:52am
This can continiue for years. There are new dealys,new dates ,new negisations,new deals and always new chances for Greece. This is just a beginning
  • #1,006,259
  • Jul 1, 2015 12:55am Jul 1, 2015 12:55am
Quoting skyhok
Medium-term set up for an impulsive move from 0.6182 level, towards 1.1515. R/R ?.......... >6. {image} Longer term chart: http://www.forexfactory.com/showthre...31#post8347231

yup, I agree with your scenario, Brother ....other considerations
day of the fundamentals look spanish PMI ...
and Yunani is still in critical condition in the Eurozone ....

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Regard, Ding Dong
  • #1,006,260
  • Jul 1, 2015 1:00am Jul 1, 2015 1:00am
Market Analysis:

Open order: Short at 1.1420 with a limit of 200 pips. Stop Loss 200 pips.

Commentary: The euro have a bearish tone. The turning point is 1,1133 and the next resistance is 1,1261 and the support is 1,0995. The break of the support will look further to 1,0958 and below there open the way for new shorts for 1,0822 or 1,0660.

Greets
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