I bought the fill in of last nights gap up only to be sorely disappointed this morning. Gave up a little less than half of yesterdays gain, but i’m ok with that.
Back to doom and gloom. I propose everyone in Europe dress like a goth American teenager to celebrate their future demise. Skulls and crossbones for all.
Motherfuckers.
Comments »New Democracy is being projected as the winner. On tonight’s open there was a hefty gap up, to which I responded by selling my position for a gain of 144 pips. I’ll be looking to buy the bottom of the gap up should we see it fill in the coming week. Luckily for me, the Greeks didn’t resort to throwing flaming cheese at each other’s faces in some sort of heated political debate.
Comments »My EURUSD trade is +65 and my stop bumped up to +2. I’m in a good spot to ride out the election this weekend. I suppose I could bail the fuck out and run with my money, but i’m feeling a little daring.
This is where I love to be. Up, a disaster plan in place, and not giving a fuck what happens. Either way, I still walk away from this table a winner.
Comments »Several stories coming across the wires. While the situation still remains sticky, just know this. They are attempting to restructure the European Monetary System. Not the loans and all that bullshit, but the system itself. And it looks like they’re taking after the US Monetary system. Should it all pass, “The European Debt Crisis” will only be remembered in history books.
Comments »EURUSD purchase. I dumped it last night in favor of re-entry at an area of former resistance. I believe we’re poised for a nice breakout above 1.2540.
UPDATE: I dumped it for a quick 30 pip gain.
I spat on all those hating things Europe at close last Friday. Amidst the horror and talk of black smoke and shards of steel, I actually bought Euro and held it over the weekend. Just minutes ago I sold it, although i believe it has room to run higher, likely due to emergency “talks” coming up, but I have little interest in hearing what any of the Eurofuckers have to say.
It’s do or die time for those in the land of beer steins and Baklava.
Comments »The idea of a Euro rally admittedly seems beyond reason at this point with much of Europe hell bent on the total destruction of the world. To think, the world thought Hitler was the worst thing to ever come out of Europe. The only murderous rampage European leaders are on these days is one of their very own financial system.
We’ve gone from ‘Grexit’ to who will wise up first and get the fuck out before the impending disaster. The situation is starting to take an every man for himself stance, only it’s unlikely one man may be left standing. On one knee maybe, but certainly not standing.
Strangely enough, as bearish as all this sounds, we still have a technical chance of a bounce next week. Give or take a few days. While we’re not headed for a pocket of solid demand for the euro, it is possible some still exists around $1.2200. Time will tell. $1.2200 also happens to be the predicted low should there be a Greek exit. An exit that surprisingly isn’t as difficult as most think. There will be winners in the situation just as there will be losers. Unlike a toddler t-ball game, not everyone wins.
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