EUR/USD Before Greeks's Vote - Do You Stay In The Market? B/S | Forex Factory

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EUR/USD Before Greeks's Vote - Do You Stay In The Market? B/S

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  • Eur/Usd Position
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  • #1
  • First Post: Jul 3, 2015 10:31am Jul 3, 2015 10:31am
EUR/USD What would You say to the topic question?

Peter
Jesus Christ is my only Lord !
  • #2
  • Jul 4, 2015 1:42am Jul 4, 2015 1:42am
Quoting hipcio
EUR/USD What would You say to the topic question? Peter
i'm worry about the greek bailout vote issues,is it affect on USDCAD?last 1.23036 Monday-Thursday buy 310+ pips 1.2327,from my point of view UCAD will fall until 1.24140,so in this case,will ucad rise again or will it fall because of the greek issue?
  • #3
  • Jul 4, 2015 1:11pm Jul 4, 2015 1:11pm
Risk reward may be high. I prefer to keep risk low.

When the ocean is stormy I don't go fishing. I have done in the past and learnt painful lessons.
One Good Trade
  • #4
  • Jul 4, 2015 1:23pm Jul 4, 2015 1:23pm
How large will the gap be?
  • #5
  • Jul 4, 2015 7:24pm Jul 4, 2015 7:24pm
Quoting marian
How large will the gap be?
larger than last week's monday opening
  • #6
  • Jul 4, 2015 10:59pm Jul 4, 2015 10:59pm
Quoting Mroue26
{quote} larger than last week's monday opening
Awesome!!!! Should it be UP or DOWN what you guys think?
It is the dust where you came from & it is the dust where you shall return
  • #7
  • Jul 5, 2015 1:54am Jul 5, 2015 1:54am
Quoting infernal199
{quote} Awesome!!!! Should it be UP or DOWN what you guys think?
UP, big time.
  • #8
  • Jul 5, 2015 1:56am Jul 5, 2015 1:56am
I am amazed 60% of people have open trades over the weekend on such important news. No wonder 95% of people lose money.
  • #9
  • Jul 5, 2015 3:59am Jul 5, 2015 3:59am
I am always 10-20pips M1-M5 scalping trader..... So, NO holding position over week or even days
It is the dust where you came from & it is the dust where you shall return
  • #10
  • Jul 5, 2015 4:21am Jul 5, 2015 4:21am
What will happen with the value of the Euro when Greece votes NO and the government decides to leave the euro?
Probably the first thing that will happen is that the euro dropps to a level around 1$ per 1€.
But this is not a realistic value of the Euro because the eurozone will be a stronger economy without Greece.
So probably after everything is settled and Greece has returned the Drachme the value of the Euro will start rising.
  • #11
  • Jul 5, 2015 4:23am Jul 5, 2015 4:23am
Quoting Pipsalon
What will happen with the value of the Euro when Greece votes NO and the government decides to leave the euro? Probably the first thing that will happen is that the euro dropps to a level around 1$ per 1. But this is not a realistic value of the Euro because the eurozone will be a stronger economy without Greece. So probably after everything is settled and Greece has returned the Drachme the value of the Euro will start rising.
That much falling!!! Unbelievable!!!

lolzz that will be 5000+ pips drops... better place sell trade will be Billionaire within weeks
It is the dust where you came from & it is the dust where you shall return
  • #12
  • Jul 5, 2015 4:32am Jul 5, 2015 4:32am
Quoting infernal199
{quote} That much falling!!! Unbelievable!!! lolzz that will be 5000+ pips drops... better place sell trade will be Billionaire within weeks
That will be 1000 pips drop not 5000+ pips. It will probably not happen in 1 day but in a couple of weeks especially when there is a lot of uncertainty after the Greece voting.
  • #13
  • Edited 6:41am Jul 5, 2015 5:14am | Edited 6:41am
While it's possible that eur will go down after open, if there is a gap, it's most likely up to either 1.13, 1.143, 1.147 ..

I was more bearish before but it looks like market makers may have gone on the long side so gap down is unlikely - whether after open there is just a retracement down or aggressive down trend, that's hard to say. I think we could see a push to 1.5 to check if there's bears still around.
  • #14
  • Jul 5, 2015 5:24am Jul 5, 2015 5:24am
hmm i buy...maybe i test the resistance
"Trap The RED News"
  • #15
  • Jul 5, 2015 6:48am Jul 5, 2015 6:48am
tomorrow it gonna be fun!
It is the dust where you came from & it is the dust where you shall return
  • #16
  • Jul 5, 2015 6:53am Jul 5, 2015 6:53am
Quoting Pipsalon
What will happen with the value of the Euro when Greece votes NO and the government decides to leave the euro? Probably the first thing that will happen is that the euro dropps to a level around 1$ per 1. But this is not a realistic value of the Euro because the eurozone will be a stronger economy without Greece. So probably after everything is settled and Greece has returned the Drachme the value of the Euro will start rising.
Seems if a "no" vote Greece will have no choice but to leave the Euro
EU tells Greeks they cannot use the euro after a 'No' http://www.telegraph.co.uk/finance/e...ults-live.html
  • #17
  • Jul 5, 2015 6:58am Jul 5, 2015 6:58am
I placed two orders before Friday closed...buy and sell. I'll take profit with whatever comes. and hope for a reversal. if revers (closing gap) won't come anytime soon next week (due to dramatic outcome). I will trade accordingly. At least i will lose only spread between these two orders.
  • #18
  • Jul 5, 2015 7:23am Jul 5, 2015 7:23am
Bailout - Greece's economy in the next few years will be worse.
No bailout - Greek insolvency, EUR sharply lower.

investors think: ???
Speculators thought ???
Retail traders think: ???

LOL, sell EUR !!!
Trading in the zone
  • #19
  • Jul 5, 2015 7:43am Jul 5, 2015 7:43am
Quoting tigerbalm
I placed two orders before Friday closed...buy and sell. I'll take profit with whatever comes. and hope for a reversal. if revers (closing gap) won't come anytime soon next week (due to dramatic outcome). I will trade accordingly. At least i will lose only spread between these two orders.
Watch out. it could gap over your pending orders and then place the trade at the end of the gap, then retrace! Your stop loss WILL NOT MOVE and will be WAY back where you set your pending order. I lost a whole account this way in a gap.
  • #20
  • Jul 5, 2015 8:00am Jul 5, 2015 8:00am
If Greece exits.. Will euro not be a stronger currency ? .. ironic huh ?
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