Greek Elections--Are you willing to play the market?

Undoubtedly, the markets are going to be EXTREMELY volatile this weekend ahead of Greek elections, and will only get more volatile pending the outcome.

My question is: Are there any braves souls out there that are going to try to trade the market this weekend like I am?

My rules for the weekend:

No long term trades

Capitalize on large swings

Get in and get out with some pips

Yea, I’m going to trade the open, 14:00 pacific time. Should be a wild ride!

It’s set up to bankrupt the public in the forex market, just like usual. California bubbly and popcorn for me as I watch the madness, while happily sitting out.

Yeah, I’ll stay on the sidelines and having beers with friends. Way too risky and lots of slipages. No no no!!

Trading like this is hobby trading, looking for a rush and a quick return, rather than pro trading, which is looking to make consistent high returns over the long haul.

So no, I won’t be trading it. I’ll be watching events unfold and enjoying that but not putting my money into the middle of a whirlwind, as that is a mug’s game.

There won’t be anything unusual happening, carry on as normal.

I could not keep myself with trade ,for Greek election yesterday I continue my trade with another currency pair without EUR.

I would rather watch Greece beating Russia today — Go Greece!!!

As a scalper I benefit from short term volatility. My consistent returns come in many small thought out trades rather than longer term trades. You really can’t assume that everyone trading the open on sunday are non professionals. Sure, there will be some that fit that description but many professionals will be trading during the open to price in the results of the elections just like any other economic data.

I think there could be huge spreads, so maybe a scalping strategy will not work with that too big spread.

I’m not going to trade. I’m going to wait at least 8 hours after opening to start trading.

Yes, they did it! :stuck_out_tongue: The Greeks will be in good spirits now when they vote :stuck_out_tongue:

I’m going to trade tomorrow with everything I got because the market only exists tomorrow and there will never be an opportunity to profit after that! Wish me luck, as an Ultra-scalper, I have the upper-hand in this volatility!

HA! :wink:

My full capital in short eurjpy, trailing stop 40 pips. When market reverse I will long it, with trailing stop 20 pips.

If my short eurjpy is against the trend, I will close it manually once market open and follow trend with trailing stop 40 pips. When market reverse short with TS 20 pips.

Yea I am newbie, may me be blessed

Why short? Why long? Are you predicting the market without backing of a chart?

Yea, that is a huge factor. I’ll only trade if u have signals, and the spread is reasonable. Normally by the time Australia and New Zealand are open spreads are good. We’ll see how they are this weekend.

I opened two trades on EURUSD two minutes before the market closed, one short and one long each with 40 pips SL, no TP placed. Let’s see how big the gap will be.

@luiz, for this event I am betting on greek peope and forex market psychology rather than charts. So yea, no support from charts. Of course, there is a high chance I am wrong, please do not follow

I will make a prediction though – just like what you see in NFP, bearish outcome will occur, E/U will rocket upwards “for no reason” with super high spreads to freak out the bears and gain more liquidity, then crash downward. There’s only one outcome that’s good for the Euro, and it’s an improbable one, so look for something like this to occur.

Dude, not the time to straddle. I fear you’re about to learn an important lesson.

Smooth. Watch the gap jump over sl and you just paying your broker free spreads