Lol, weekend planting time.... relax a bit

Which way will the EURUSD gap on Monday?

Another big weekend for Greece and another big opening for the market on Monday. Which way will we go this time?

What do we know about referendums and votes?

We know that in the majority of cases the early opinion polls lie. The most recent notable cases were the Scottish vote and then the UK general election. At times you couldn't get a fag paper between the results of countless polls yet both showed resounding final results

People and opinion polls are like traders and demo accounts. There's no fear because they are not real. There's not one single thread of fear in trading millions on a demo account but there is when you have to do it for real. The same goes for opinion polls. If people want to take a controversial stance, talk tough, make a protest then doing it where it doesn't matter is the easy option

Despite the polls showing the Greek referendum to be very tight I'm going to err on the side of history and put myself in the yes camp. Irrespective of the fact that this is a vote on the current deal put to Greece by the Troika many will see it as the start of whether Greece stays or leaves the euro

What's the risk to this vote?

My only thought that the Greeks could vote no is that they proved they are willing to make a bold statement, which they did when they put Tsipras in power and if he's still got their ear then they may be willing to follow. I'm just an outsider looking in though, like many of you, so we only have what little sentiment we get from the various Greek sources like Dimitris Papas (@papakias123), who just tweeted us that things are calm in Athens right now, and there's less riots than usual :-D (Good to see that the sense of humour isn't suffering), and @Yannikouts who is someone who is right in the mix of it, and he says that in his opinion, only around 15-20% of no voters and 5-10% of yes voters see this as just a vote on the deal. That shows what is really on the line

How will the euro react?

The euro is no Greek expert either and it will move one way or another. A yes vote should see the euro gap up and a no vote gap down. But how far can it move? A yes vote will bring a kneejerk move but won't remove the risk of continued negotiations and arguing, and it won't suddenly mean everyone they owe gets paid. Those will be separate hurdles we'll have to negotiate after

Let me ask u if you are a Malaysian and your economy been control my IMF since few years back and now they even demand more. More taxes and more pension funds.

How will you think of this happen in Malaysia? Will you willing to pay more taxes for the government debts? Your pension funds end up empty?

When you got $1000 in the bank, you only can withdraw $10. On my side, I'll put a NO for them. Is not the people nation fault. Is blame on government.

Vise versa to 1MDB case in malaysia. If we goes bankrupt and you will still vote for government? U will go which side? Protecting your benefit and gain ain't you? Even the GST had make the whole Malaysia goes crazy. How if you got no speaking power to your economy. Increasing gst to 10%?

Just my 10cent and example.

Then earn USD spend RM.. wahaha.. simpan duit at oversea..

Hopefully next week no more gaps.

Ha! Ha! EUR/USD gap down this morning   

Expecting some malaysian politicians make funny comments on ringgit gaping today lol

I love it when price fill the gaps, free money

did anyone here playing this strategy?

account A: long EJ
account B: short EJ

Let 1 of them margin call after Greece voting, but another one let it triple riding the gap?

still waiting to fill in gold, just 200pips more lol
nooo... it's better you keep your money than try this setup..

Nice.. Waiting gold now.. Hopefully shoot up to 1200

Hi Zanmai,

You think gold can shoot all the way up to 1200 ? Hard to prove it through technical wise.

In terms of fundamental point of view, what do you think on side effects to GOLD due to Greece crisis?

Cheers

Actually today was a disappointment for me. I'm expecting to see atleast gold open @1183> but it only reaches @1175

To 1200? Nope. That just a hope I don't expect such price just from 1 event. Greece crisis should have more or less slightly impact towards gold. As demand for Euro decrease it will turns to gold but do rmb.

Not only USD giving effect to gold.. Any others may will.

But it may also turn to USD to Just wait for price

did anyone here playing this strategy?

account A: long EJ
account B: short EJ

Let 1 of them margin call after Greece voting, but another one let it triple riding the gap?