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shellsnail commented Jun 28, 2015url So looks like ECB denied this. all analysis are void.
ECB 'to end Greek bank lifeline'
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shellsnail commented Jun 28, 2015IMO Wouldn't happen. Institutions are waiting to buy the double bottom because of improving eurozone fundamentals. We might see spike down and then fast reverse. Get ready to long if price does get there. Don't bet on price breaking the March lows ...
ECB 'to end Greek bank lifeline'
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shellsnail commented Jun 28, 2015haha if that really happens during asian session the crash during london and NY when the real money comes in will be intense. Looking forward to it.
ECB 'to end Greek bank lifeline'
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shellsnail commented Jun 28, 2015Until the ECB denies this or comes up with measures, every resistance or support broken before 1.04x is a level to short. Forget about longs.
ECB 'to end Greek bank lifeline'
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shellsnail commented Jun 28, 2015url This is bad on a whole other level. I'll have to revise my expectations again.
Eurogroup statement on Greece
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shellsnail commented Jun 28, 2015"Any public announcement by Goldman can be safely taken to mean they are taking the opposite position."
Eurogroup statement on Greece
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shellsnail commented Jun 27, 2015Alternative view: No default because remember Greece said early June they have funds to make the IMF payment. So 5th July's vote will determine whether they accept creditor's proposal. If vote is NO, then probably back to negotiations, and further ...
Eurogroup statement on Greece
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shellsnail commented Jun 27, 2015Default, double bottom 1.05-1.06. Get ready to buy amidst the panic and fear.
Eurogroup statement on Greece
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shellsnail commented Jun 27, 2015No one knows what will happen (ever). Have to see where price opens on Sunday.
Greece’s Tsipras Calls July 5 Referendum on Bailout Demands
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shellsnail commented Jun 27, 2015Agree with this post. Price will eventually get to 1.18, just a matter of time. Doesn't mean it can't go to 0.84 (no deal + banking crisis with Lehman style contagion effects) before that though.
Greece’s Tsipras Calls July 5 Referendum on Bailout Demands
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shellsnail commented Jun 27, 20151.04x will be good price to go long if it gets there. And if it breaks the low and holds below, look to short. On the upside, if 1.12 breaks and price holds above, look to long but beware of 1.13 supply level. Below 1.12, short. Good risk-reward ...
Greece’s Tsipras Calls July 5 Referendum on Bailout Demands
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shellsnail commented Jun 26, 2015So much empty talk from dollar bulls and yet we have eur/usd stuck at 1.12 and gold refusing to go below 1170 (make new low on 4H/D1 chart). This tremendous buying of dollar looks like a wave 2. Now it's not even responding to good US news anymore. ...
Three things driving US dollar gains
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shellsnail commented Jun 26, 2015Possible. The other possibility that I am closely looking at is a Greek Exit with contagion effects and a double bottom (1.04) on the euro. Smart money wouldn't mind a second chance to buy at better prices.
Three things driving US dollar gains
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shellsnail commented Jun 26, 2015If this rallies from here, there's very clear evidence of manipulation. When the news of a potential deal was released, prices were quickly adjusted down to fill the gap left on the chart at 1.1170 (made yesterday on the 1 min chart). Presumably, ...
Greece crisis: Hopes for deal as differences narrow
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shellsnail commented Jun 22, 2015euro about to form double bottom on weekly chart...sell and buy back at 1.04
Schauble: "We don't have substantial proposals"
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shellsnail commented Jun 19, 2015A default will probably spike euro down to near March lows in the short-term. But IF the low holds, Euro could start a longer-term rally to 1.5. If it breaks, parity and then 0.8x is near. I guess part of it depends on how much contagion effects ...
Euro zone ministers to discuss on Monday handling of Greek default if no new Greek proposals...
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shellsnail commented Jun 19, 2015I am neutral on the dollar from a fundamental perspective. The pound on the other hand is a huge favourite now that wages are going up more then expected. GBP/USD is a good long for time to come and may resume the long-term uptrend soon to recover ...
Fed’s Williams: Rate Rise By Year’s End Still Remains Likely
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shellsnail commented Jun 19, 2015Personally, I think the AUD and Gold correlation is coming back.
AUD/USD fails again at the breakout as US dollar starts to recover
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shellsnail commented Jun 11, 2015There has been no break-out attempt yet. If a break-out fails, then USD shorts should exit.
Retail Sales Increase as U.S. Consumers Propel Growth Rebound