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Greece next Lehman Brothers Event?

This is just and extracted post from my latest article which you can find it here: Greece next Lehman Brothers Event?
  • FX Market - Risk Aversion

Markets have consistently experienced " 100-year events" every five years. Paul Tudor Jones

They say the Black Swan events are characterized by rarity and extreme impact and once again the financial markets are proving this to be wrong as theory has nothing to do with reality. Not so long ago we had the SNB event which disrupted the market activ…
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Stix avatar
Stix 14 Jul

Hahaha ! Now that's good business ! :) :)

Daytrader21 avatar

It's always a pleasure doing business with you:)

Stix avatar
Stix 15 Jul

I scored on both ends of that deal !  Hahaha ! Honesty, I thought it an excellent Article since planning ahead affords peace of mind, which is really beneficial. Personally, I don't have enough years of experience, so the input was really helpful. All in all, it was a good trade ! Thanks so much. :) :)

Daytrader21 avatar

Always glad to hear when people actually can learn something from my work, this means that i'm not writing in vain. Thanks

Stix avatar
Stix 15 Jul

The Articles are excellent for me because I learn a lot, as with the blogs. Even if some writings are not always agreeable with one's own thoughts, they are good for purposes of reminding oneself of lessons learned and exposure to new ideas. It's never in vain, in my opinion. Here, I remember how little experience I have and how deeply I am engrossed in the detail, at present, so will give some time to forward planning, as a result. I appreciate that - since that is the direction, once the initial work is done. Thanks again. Much appreciated and well written. :) :)

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Greek People Have Spoken

With a clear victory of the NO camp we're back on the negotiation table and this time around the pressure for reaching a deal is on the Brussels side after this morning announcement that Greek FM Yanis Varoufakis has step down in order to help the negotiation going further and after Brussels demands that they want him out this puts pressure on Brussels side as now Greece has some leverage to work with and any fail to reach an agreement will be blamed on Brussels.
Expect some volatility in the FX…
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Greece Referendum and The Holiness of God

Greek referendum has already begun and this is truly an historic vote as never before any country in EU has been so close to set the stage for an exit out of the European monetary union. The consequence of such an disruptive event can have violent dislocations in the currencies market and I hope by now you have an idea on how I'm going to play the Grexit scenario. You know the tension has hit a new milestone when the holiness of God is invoked as per recent comments from Greek FM Yanis Varoufaki…
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Greece Saga Final Act

This time around the count down has started for Greece and they are really running out of time. Recent developments in the past 24 hours have been quite substantial and make no mistake about it Greece is going to default as IMF has send quite a strong message that they are not going to move the deadline for the debt repayment which is 30 Jun and the Greek referendum over paying/nopaying the debt is useless.
  • Greece bank Run
Photo Source: TheGuardian

The tell-tale signs of disaster wi…
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Daytrader21 avatar

pipx I just wish I would be that smart to know how things will unfold, unfortunately we'll have to wait and see how the market will open, it will be interesting

pipx avatar
pipx 28 Jun

Maybe we can try this on a demo, sell EUR/USD +50 pips above Friday close, I will also mess around  with EUR/CHF :-)

Daytrader21 avatar

EUR/USD has just opened at 1.1000....-160 pips gap :)

Daytrader21 avatar

Now on EBS is 1.0965 but semi-official FX open in another hour

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Greece Latest Headlines

The Greece saga continues and the negotiations between the two parties involved has once again hit a roadblock. I'm telling you this is a total mess and I think we're going to have a big surprise once the market opens Sunday evening. Judging by today's headlines it's obvious that they are moving backwards and as time goes by the changes of an agreement fall even further. I thought that at least over the weekend we can relax, but NO, this bureaucrats are in for pulling out a snow show.
Jus…
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Over the Weekend Exposure

Today was pretty much a hectic day in the forex exchange market and mainly because of the ongoing negotiations between Greece and Brussels. There is no resolution between the two parties and us such this will carry over the weekend an very high level of risk and there is a high probability the markets will gap on Monday opening, and depending on the negotiation status the market can really gap either side.
Tomorrow is a key day as most likely at the end of the EU Summit we'll know where we stand…
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Grexit Saga Continues

Grexit or may just Greece default remain the most important trigger of FX volatility in the coming week. The ongoing negotiation between Brussels and Greece are just crazy and I wouldn't be surprised if they will extend again the deadline for the bailout which expire on 30 Jun. I'm not expecting anything new on the Monday's summit, and that should be the case if you take in consideration how things unfolded so far.
However all this uncertainty has failed to produce any meaningless moves in the F…
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Greece Just Do it!!!

I'm really tired of the ongoing negotiation between EU and Greece, as it seems this are going for an eternity. I dare you Greece, just do it and end it once and for all. Lets just celebrate either a Grexit, or no Grexit, whatever it may be but just lets end this mess.
This is for Greece: Shia LaBeouf - Just Do it
Best Regards,
Daytrader21
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Elshemy53 avatar

i m completly  agree with you
btw. this video actually is amazing
thanks at all and take the best chance in your trading

Daytrader21 avatar

Stix No one has any intention whatsoever to repay their debts so why would Greece do so?:)

Daytrader21 avatar

Elshemy53 Video is pretty dope, couldn't stop from laughing:)

Stix avatar
Stix 16 Jun

I would think Standard of Living was a good enough reason. On the Global side, the effect to the World Economy is enormous, so that might be an incentive for the Leaders but for the man in the street, it should be just to have a comfortable day. I could be missing the point ? :) :)

Stix avatar
Stix 16 Jun

As I see it, it appears the task is too daunting, so nothing is achieved. But if it becomes manageable, then there is room for motivation towards improving the economy of Greece. Kinda like asking a toddler to climb 100 stairs but if it only has 1, it might try. :) :)

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Prepering The Week Ahead


Hold on tight as the next week will not fall short expectation when it comes to fx volatility. Greece bailout talks or rather Grexit and Fed rate decision are the main risk event of the week. On the top of that we have SNB rate decision as well but market expectation is for no major change in monetary policy. SNB rhetoric when it comes to the stronger CHF will ultimately dictate CHF direction, however they seems less likely to turn more aggressive any time soon.
In short expect lot of intraday …
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Preparing The Week Ahead


The coming week is going to be more important than you may think, not only because there are many risk events on the doc that can spur volatility but also because it can mark the turn in the equity market. Don't call me wrong because I'm not calling a crash just a major correction. Since this can be a major topic on itself I'm not going to talk about it here as there are many details that need to be covered. However I'm just going to give you a major hint and I would recommend to watch ES react…
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fxsurprise8 avatar

great article. Where do you find up to date probabilities for rates?

Daytrader21 avatar

fxsurprise8 You would have to look at bond yields. Look at the 12 month bill  yielding 1.930%, cash rates are at 2.25% -->big money saying 25 bps cut on Tuesday. Here is a free website where you can look at yields (see above), or you can find the data in excel and construct your charts there. I hope it helps. 

fxsurprise8 avatar

ah thanks a lot

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