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  • #135,981
  • Jul 6, 2015 3:21am Jul 6, 2015 3:21am
New negosiations will find place. Never ending story this


http://cyprus-mail.com/2015/07/06/gr...frances-sapin/
  • #135,982
  • Jul 6, 2015 3:53am Jul 6, 2015 3:53am
As widely expected, a no event the referendum marketwise. All markets quickly back to flat on the opening range. The more Greece advance toward Grexit the less relevant it become to markets...

Still Greece will be in control the next few sessions providing noise and drama on the tweeter side. Ears on Germany/France official posturing and then just see if they agree something quick, otherwise we'll see panic hitting the wires when banks run out of money after the ECB pull the plug....

For the real deal, nothing much to see or do in the euro. Same levels, same trades, same all.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #135,983
  • Jul 6, 2015 4:04am Jul 6, 2015 4:04am
In my screen it does not look as all markets look at this as a no event.
  • #135,984
  • Jul 6, 2015 4:11am Jul 6, 2015 4:11am
Quoting sisse
As widely expected, a no event the referendum marketwise. All markets quickly back to flat on the opening range. The more Greece advance toward Grexit the less relevant it become to markets... Still Greece will be in control the next few sessions providing noise and drama on the tweeter side. Ears on Germany/France official posturing and then just see if they agree something quick, otherwise we'll see panic hitting the wires when banks run out of money after the ECB pull the plug.... For the real deal, nothing much to see or do in the euro. Same...
...sisse, hello, hope all fine, family and all,

sisse those this will have any impact on the e/u?

thanks in advance...


http://prfaa.pr.gov/news/?p=4850&Asp...ookieSupport=1

Inserted Video
The Chonchy
  • #135,985
  • Jul 6, 2015 4:35am Jul 6, 2015 4:35am
Quoting sakisf
{quote} He is destined to be head of Greek Central Bank in the next weeks and prepare the transition to Drachma. Will have some fun super annoying Mario too.
Fail better.
  • #135,986
  • Jul 6, 2015 5:04am Jul 6, 2015 5:04am
Quoting sakisf
{quote} He is destined to be head of Greek Central Bank in the next weeks and prepare the transition to Drachma. Will have some fun super annoying Mario too.
Oh that destiny. Sounds logic to me. I really liked that guy, imo was the most reasonable one in whole commy government. Think he really understood finance.

On the sideways, am wondering if our government, eager to accept Euro, will change their mind now .

While am in these woods, I have clean charts...and it seems helpfull. A) Oil+Gold combo running down pulling USD is quite clear. B) cant help myself, but I see bullish flag on UJ Daily. I actually feel like I was making money while beeing flat. Just love when charts go against me while I dont hold any positions.

Edit: I have skipped this UJ scenario due to Oil bounce..and later Fitch rating cut...but long term cycle pointing +- here:
Quoting Tom_D_Trader
.... wave 1 shoot targets - 123,8 125,2 126,55 ..... if megashot 127,9 and max 129,26. {image} {image} {image}
Is still FA mid term invalidated..but TA 126,55 pretty easy, and FA short term could also push (Nikkei breaking tops pre hikes on the back of repositioning pension funds + ofc QE)
"I know one thing, that I know nothing." Sokrates
  • #135,987
  • Jul 6, 2015 5:32am Jul 6, 2015 5:32am
Minor TF buy signals at 30 min close, so I've bought it.
Time will tell.
f(z)=z2+c
  • #135,988
  • Jul 6, 2015 6:08am Jul 6, 2015 6:08am
Quoting Tom_D_Trader
{quote} Oh that destiny. Sounds logic to me. I really liked that guy, imo was the most reasonable one in whole commy government. Think he really understood finance. On the sideways, am wondering if our government, eager to accept Euro, will change their mind now . While am in these woods, I have clean charts...and it seems helpfull. A) Oil+Gold combo running down pulling USD is quite clear. B) cant help myself, but I see bullish flag on UJ Daily. I actually feel like I was making money while beeing flat. Just love when charts go against me while...
Hey man, also tracking U/J closely ever since that May 26 break up.

Serious macro players folded at the highs 122 but the important 123 (20500) is still unresolved albeit only threatening with a serious risk off play. For now it looks like we'll get the test again soonish but no new entries on the uptick till it goes.
  • #135,989
  • Jul 6, 2015 6:32am Jul 6, 2015 6:32am
Quoting hathor
Minor TF buy signals at 30 min close, so I've bought it. Time will tell.
Good day Ms Hathor

I've closed a trade from earlier , waiting for 1050 to reenter short . As you say , time will tell ( 5min)
Might need to cut you another check !!

Read your discussion with sisse . Something for me to ponder .
Good trading
Peace
  • #135,990
  • Jul 6, 2015 7:40am Jul 6, 2015 7:40am
Quoting chonchy
{quote} ...sisse, hello, hope all fine, family and all, sisse those this will have any impact on the e/u? thanks in advance...
No mate. Los boricuas no son noticia....

I have been following tangentially the bankruptcy in Puerto Rico but from a market perspective I don't really see a lot more than media trying to create a Greece drama in the US. Honestly too tiny, too isolated from the core of the US and world economy...not an issue in my books for now....zero impact.


Quoting Tom_D_Trader
....I have clean charts...and it seems helpfull. A) Oil+Gold combo running down pulling USD is quite clear. B) can't help myself, but I see bullish flag on UJ Daily. ...
Play UJ and GOLD with the FOMC/FED mate ...my 2 cents.

Gold is especially desperate and more than ready for the hikes play (today we retrace the gap on Greece and more ....) , the only think holding gold is the drama (risk) in Greece. Technically its the only one with confirmed sell signals for the mid term swing. A break 116x will open the leg to below $1000.... On UJ, a bit more complex and noisy because of the BOJ. In my opinion, the best bang for the buck in currencies for the FED hikes are in the EURO and in AUD....

Quoting hathor
Minor TF buy signals at 30 min close, so I've bought it. Time will tell.
... GL

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #135,991
  • Jul 6, 2015 7:47am Jul 6, 2015 7:47am
Quoting sisse
{quote} No mate. Los boricuas no son noticia.... I have been following tangentially the bankruptcy in Puerto Rico but from a market perspective I don't really see a lot more than media trying to create a Greece drama in the US. Honestly too tiny, too isolated from the core of the US and world economy...not an issue in my books for now....zero impact. {quote} Play UJ and GOLD with the FOMC/FED mate ...my 2 cents. Gold is especially desperate and more than ready for the hikes play (today we retrace the gap on Greece and more ....) , the only think...
The Chonchy
  • #135,992
  • Edited 8:12am Jul 6, 2015 7:50am | Edited 8:12am
Quoting build11
{quote} Good day Ms Hathor I've closed a trade from earlier , waiting for 1050 to reenter short . As you say , time will tell ( 5min) Might need to cut you another check !! Read your discussion with sisse . Something for me to ponder . Good trading
Hi Build11!

Mr!
Hathor is (was?) a goddess, but I am a mortal homo sapiens with a genital tract, which mainly produce testosterone.
Sorry for disappointing, but this beautiful woman is not me...

Quoting sisse
{quote} ... GL sisse
I know...I know...canoe rowing in the middle of a storm/in the middle of a f'n ocean/in the middle of all blood-thirsty sharks.
f(z)=z2+c
  • #135,993
  • Jul 6, 2015 8:00am Jul 6, 2015 8:00am
Quoting hathor
{quote} Hi Build11! Mr! Hathor is (was?) a goddess, but I am a mortal homo sapiens with a genital tract, which mainly produce testosterone. Sorry for disappointing, but this beautiful woman is not me... {quote} I know...I know...rowing a canoe in the middle of the storm.
Every time I try to put a Mr/Ms in front of someones name I f--k it up

Good luck and good trading my friend
Peace
  • #135,994
  • Jul 6, 2015 8:09am Jul 6, 2015 8:09am
Quoting build11
{quote} Every time I try to put a Mr/Ms in front of someones name I f--k it up Good luck and good trading my friend
Well..could be a problem in real life, but we are actually 'hiding' in an impersonal forum, so I wouldn't barely notice if someone would be a robot/AI.
I think if we would actually see/meet some of the members would be very interesting.
I'm very curious.
f(z)=z2+c
  • #135,995
  • Jul 6, 2015 8:37am Jul 6, 2015 8:37am
Quoting sisse
Play UJ and GOLD with the FOMC/FED mate ...my 2 cents. Gold is especially desperate and more than ready for the hikes play (today we retrace the gap on Greece and more ....) , the only think holding gold is the drama (risk) in Greece. Technically its the only one with confirmed sell signals for the mid term swing. A break 116x will open the leg to below $1000.... On UJ, a bit more complex and noisy because of the BOJ. In my opinion, the best bang for the buck in currencies for the FED hikes are in the EURO and in AUD.... {quote} ... GL sisse
Yes I agree, Gold pretty much very strong TA sell. When Oil started running for correction, as USD bear, I had to go flat.

Pretty much agree on the bang for the buck on Eur, as I still think it is very much undervaluated due to this January doublecombo, namely SNB peg+ECB QE. Once doublecombo shock finished, Eur had no time to wake up as Greece mess was again on the table. Once Greece solved, think Eur will experience quite strong relief rally up up. On the other hand, think GU even better. Now with disgraced CHF, Sterling became the ultimate Europe safe haven. Also one could suppose as Brittains started QE second after US, they are gonna hike second. So imo pretty soon hike expectations are gonna be pricing in..then come news etc...Brittish bonds+stocks are gonna be sold and Sterling bought. So far also EG chart agrees GU long this year better than EU long.

Regarding Aussie, have heard some rumours is a risk currency, but am lagging with FA here. I know there is some Sand, Oil and Kangaroos, but thats about it. Also I suspect palms. Am afraid to buy Aussie. As USD bear, I ofc do, but is @ 1-2% of my portfolio, so no big deal, just diversify.

On the other hand, once outflow of investment cash from US starts, whats wrong with buying Gold? I think is a great idea. Can wait, no probs, but am definitely gonna buy.
"I know one thing, that I know nothing." Sokrates
  • #135,996
  • Jul 6, 2015 8:59am Jul 6, 2015 8:59am
Quoting hathor
{quote} Well..could be a problem in real life, but we are actually 'hiding' in an impersonal forum, so I wouldn't barely notice if someone would be a robot/AI. I think if we would actually see/meet some of the members would be very interesting. I'm very curious.
Probably scary .

Pending order pulled till after news . Then we will see .
Peace
  • #135,997
  • Jul 6, 2015 9:22am Jul 6, 2015 9:22am
Trade setup no longer valid . Its been a long morning after a long weekend so I'm calling it a day .

Good trading all
Peace
  • #135,998
  • Jul 6, 2015 10:03am Jul 6, 2015 10:03am
167 years....man....hey, where is old man PTL? I hope he is doing well.....

http://finance.yahoo.com/news/chicag...jJfMQRzZWMDc2M-
"If The Fool persists in his Folly he will become wise." - William Blake
  • #135,999
  • Jul 6, 2015 10:21am Jul 6, 2015 10:21am
Quoting The Fool
167 years....man....hey, where is old man PTL? I hope he is doing well..... http://finance.yahoo.com/news/chicag...jJfMQRzZWMDc2M-...
I second that. A minute of respect for the good old times....and A BIG shout and cheers to PTL....sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #136,000
  • Jul 6, 2015 10:46am Jul 6, 2015 10:46am
Quoting The Fool
167 years....man....hey, where is old man PTL? I hope he is doing well..... http://finance.yahoo.com/news/chicag...jJfMQRzZWMDc2M-
Tomorrows headline:

heart failure rate among open outcry traders reduced by 98%.

Ironically the suicide rate tripled.
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