- Search Metals Mine
- panamamike commented Jun 29, 2015
Until Greece gets serious about overhauling it's taxation system and enforcement, opens protected industry, sells off it's highly inefficient public assets (which it has talked about and never proceeded to do), and gets serious about tackling it's ...
Greece Turns from Drama to Tragedy
- panamamike replied Jun 29, 2015
well....I don't normally trade Asia, but these are not normal times. I will check out the action at Tokyo open.
Discovering An Edge
- panamamike replied Jun 29, 2015
I don't take any positions until my system says to and my CSM agrees. Hence, I am never picking tops or bottoms. I trade only hourly opens.
Discovering An Edge
- panamamike commented Jun 29, 2015
They had their own currency to devalue to prop growth ..... Greece doesn't .
Greece Comes to a Sudden Stop. Now What?
- panamamike commented Jun 29, 2015
IMO, this huge rally in EUR has been quarterly profit taking. It has been great trading and very profitable
I also think it will unwind quickly in the first week of July. I'll be ready to trade whichever way happens, but I would not be confident ...Euro higher again as EU's Moscovici says a deal with Greece is still possible
- panamamike replied Jun 29, 2015
FWIW.....IMO, today's huge EUR rally is merely quarter end profit taking.......look at the 3 month move in EUR against all the majors. It has been very profitable very quickly
..... But I also think that Wednesday and Thursday will see this unwind ...Discovering An Edge
- panamamike replied Jun 29, 2015
Ecad still climbing....no worries....will keep TS tight all week due to headline driven uncertainties.
Discovering An Edge
- panamamike replied Jun 29, 2015
missed entry at current bar opening GU ......just hit 10 d ATR. ..... Oh well.....NEXT!
Discovering An Edge
- panamamike replied Jun 29, 2015
AN closed +10 +6..... Currently long EC from opening of current hourly bar ...half off +10...remained is +25.... Trailing....
Discovering An Edge
- panamamike replied Jun 29, 2015
interesting......I had a GCad long too, and am now AN long based on 1hr close.
Discovering An Edge
- panamamike replied Jun 29, 2015
if the EUR starts to turn weak, it looks like JPY will be the best to trade against it. It has only covered about half the gap from Friday close.
Discovering An Edge
- panamamike replied Jun 29, 2015
it will be interesting to see if the pattern of US session reversing European action happens today.
Discovering An Edge