Thread: Closed: Discuss EUR/USD News with a DailyFX Analyst

Originally Posted by Mary R

Thanks for the clarification...This doesn't appear to be a prescient time to pick the bottom in eur/usd...

Have to agree - covered my longs at breach of Asian low and will just sit this out for now - hope for continued fall now and an ending pattern lower down. It would seem that any wave 2 was in there somewhere in a running pattern, cause this kinda feels like a wave 3 now!?

Originally Posted by fazi

Imediate costs of the "Exit Through The Gift Shop" are estimated at arround 400b - and there is a thing called leverage

Greek banking sector has been killed by this announcement - It takes a small panic to kill the Spanish banks - Italians will probaly not stay way behind

Patryk

Yes, that is what everyone is or should be afraid of - a credit crisis contagion . The bond yields on peripheral European debt could spike up so high that the countries would basically be shut out of the credit markets... and the authorities might not be able to contain it. It has the potential to cause a European depression and a severe global recession...

Originally Posted by turmaz

in one case this down move must end here technically and "mechanically" speaking not short term time frame but weekly and daily time frame im talking about, long 2777 stop 2759 TP not yet decided may be around 2930/40
the other scenario is this if prices dont stop here then next stop is 2670/75 easily but in any the this thing is clear to me that "bears" are now very euphoric and bulls are very scared

trade safe

I have a small long in at 2775, though can't remember how I caclulated that level. It's an older that has been sitting there since last week.

Originally Posted by Paul Chin

Long. Entry Price... too many! LOL!

Do your parents know you are trading?

Originally Posted by Mary R

Yes, that is what everyone is or should be afraid of - a credit crisis contagion . The bond yields on peripheral European debt could spike up so high that the countries would basically be shut out of the credit markets... and the authorities might not be able to contain it. It has the potential to cause a European depression and a severe global recession...

Any thoughts on VIX/stocks reaction to this lot Mary?

Originally Posted by Mary R

Do your parents know you are trading?

Good one! LOL! News are opportunities to enter my dear... Probably you can supervise me a little, haha!

Originally Posted by Paul Chin

Good one! LOL! News are opportunities to enter my dear... Probably you can supervise me a little, haha!

Good looking boys Paul - mother's side?

Originally Posted by Clivewaverider

Good looking boys Paul - mother's side?

Thank you! The good looking parts are all mine, I'm afraid

Originally Posted by MOZI32

Still Short trail stop down from 1.2875 to 1.2840 will cover all at 1.2710/1.2690 .

lowered all stop at 1.2825 and thanks market for either 1.2710 or 1.2825

We have just formed a new lower high in the 5 min time frame (1.28) - this is a good stop loss level for scalpers being short.

5 min

Originally Posted by AV1

Spyro, what are your leaders saying, we need some news from you sir

DAILYFX NEWS: Party leaders have begun their meeting with the Greek President in a final effort to form a coalition.

I was talking with an analyst in Greece last week and they expect a re-election - we will know within 48 hours - thats the time limit that the president according to the institution.

Originally Posted by stryker

well Greece out will be a healthy notion for EU on a longer run as the cancer will be taken care off and a stiff warning for other members to get it st and get it rt...
it needs to end and life needs to go on similarly enuf with the Greece nonsense and let us get back to the business..
Just reached back home and my last skeleton long on euro 2821 was kicked out for +3 pips and had an order to long DJ 12723 was taken care by my s/l at 12691..
I came, I saw and re-longed again 12683 with order long waiting (better ones) at 12632 touch..

anyways I see 12860 or so on DJ and lets play it to the bone...
Need to stay away from EURO for today and let the dust settle on it..
SPX hit 1333 and possibly heading for a lil extended upto around 1330-31 b4 hopefully turning around..
Best think I can do is close the stations and head out for a game of snooker or two...

Laterrzzzzzzzzzzzz.........

GL...

It will be good for Greece also. History has shown that after a country defaults, its stock market doubles, or triples with in 3 years. I believe today the Greece market is at an all time low.

Originally Posted by Luxuriant

It will be good for Greece also. History has shown that after a country defaults, its stock market doubles, or triples with in 3 years. I believe today the Greece market is at a all time low.

Nice I want to know more - where did you read about this?

Originally Posted by Alejandro Zambrano

Nice I want to know more - where did you read about this?

I believe I heard them talking about this topic on CNBC television.

Morris

Originally Posted by Alejandro Zambrano

I was talking with an analyst in Greece last week and they expect a re-election - we will know within 48 hours - thats the time limit that the president according to the institution.

it is already done...Greece is going for elections