Sunday Euro open. gap or not to gap

[oiltanker]

will euro gap on the open and if so which way?

assuming no greek news comes out and as today is green candle i'll say small gap up.

 

[oildaytrader]

will euro gap on the open and if so which way?

assuming no greek news comes out and as today is green candle i'll say small gap up.

Is this a weekend trade?

 

[wackypete2]

Absent any news on Greece I think euro will open near or slightly higher than today's close. I would think no news is unlikely and any news is more likely to be euro negative, so open much lower than today's close.

Either way, I'm not a weekend gambler! All flat here.

'til then...

Peter

 

[montmorencyt2w]

Gap up, followed by a plummet.

 

[meanreversion]

This Greek sh-t has been going on for a couple of months now, and they still haven't received a penny (pfennig??). There's another meeting this weekend, I reckon they'll announce something juicy and there will be a HUGE gap higher. Having said that, I'm short. Who the f-ck knows..

 

[meanreversion]

Long gold is the hedge for everything right now, forget eur/usd, it's been in a range since mid feb.. commodities move more in an hour than eur/usd does in a month.

 

[wackypete2]

Who the f-ck knows..

Exactly, hit the nail on the head there.

 

[oiltanker]

its a bit of idle fun

 

[N Rothschild]

gap higher.

 

[meanreversion]

Who is left to sell euros? Surely anyone who wanted to sell would be short by now, and let's be honest, how much worse can the news get? Maybe in a month the focus will shift to some of the indebted "countries" of the US, whose situation is as if not more precarious than Greece.

I'm short eur/usd and have been for many weeks as an intermediate trend trade, but it's been a frustrating position to have on. I looked back at the last mega-trend in eur/usd, from 0.85 to 1.60 - that took about 8 years so about 3-4 pips a business day of NET movement (if that makes sense). In other words, I do believe we can see 1.10-1.20 in eur/usd, but it might take a while, with the occasional sharp rallies.

150 pip gap higher open on Monday.

 

[Waterfield]

Gap down, 20 pips. Followed by upwards then consolidation. I would be surprised if sterling had a big downweek then propped up on the Friday...and if not Friday then a big gap down on Monday for sterling then up all the following week.

 

[wackypete2]

Didn't really do much at all comapred to the news out. I think this has to be negative for now, maybe not long term but at least for a few days.

Peter

 

[Sunshine On Leith]

Didn't really do much at all comapred to the news out. I think this has to be negative for now, maybe not long term but at least for a few days.

Peter

The market is telling us everything we need to know I think. Greece is f*cked, and this aid package is a sticking plaster job which merely buys a bit of time.

Portugal and Spain next. Italy should be ok but if not it starts getting serious there.

Euro will have a twenty handle shortly. Longer term, we wil see 1.20 this year.

All in my humble opinion only of course.

 

[N Rothschild]

with any luck we will see a 0.0000 handle sometime

 

[wackypete2]

with any luck we will see a 0.0000 handle sometime

Using TA, I will go long at that point for a short term scalp. Could be my holy grail!

Peter

 

[wackypete2]

BY the way, in case anyone cares I'm perfect on my two eur trades this morning(not posted)...2 trades, 2 losers, 100% loss ratio.
Where's my prize?

Peter

 

[Sunshine On Leith]

with any luck we will see a 0.0000 handle sometime

So long as you close your long by then Rothy

 

[meanreversion]

It's tough to think of any positive reasons for wanting to be long euro right now, I think we'll see it down at 1.25 by the end of the month.

 

[N Rothschild]

So long as you close your long by then Rothy

never!