Insight: Does it still follow: Buying the Rumor or Selling the Fact?

Which side would you take now?

Now that we have received the actual Greek confirmation on default after the fact, does it still follow the famous saying of 'buying the rumor and selling the fact; as far as the Euro vs. USD is concerned? Well the obvious answer to this question came before the fact when Euro prices opened in Asian trading session with a opening price gap lower and then made such rebound thereafter.

Market price action and its behavior is equally as important and a proven applied strategy for most traders and strategists that have experienced such market activity during high risk events. In this particular case coming from the European majors. A sequence of analysis were provided in preparing how the markets would react with the probability of price pullbacks on a decline and recovery from their respective opening levels. Although, not all currency pairs had similar patterns due to the level of volume trading activity. A process of deduction do takes place where the least probable effects on the other pairs would be more or much less than expected.

Understanding the market price behavior relative to the behind the reason of such movements can make or break the difference. As the shifts of investors funds from unwinding positions and creating new ones would have to be segregated by carefully watching VOI on futures since spot FX does not carry the full blown report compared to other broker dealers that report their respective in-house trade volumes which may not define the true value of worldwide trade positions coming from the delayed CFTC COT report. Thus, this is also where 'alternating trade strategies' should be considered while defining the risk relative to their respective rewards especially from a top heavy USD still prominent market sentiment remains.

With that said, the market now is well within the start of the 3rd quarter trading. For MegaTrade101 actual reading thereafter; that a new phase has started taking a cue from how technical charts have been created from the actual trading price configuration. This week's price action relative to what the results on Greek's referendum results are to some respect has been priced in the worst possible case scenario. That brings us back to a lesser market activity in search for the next catalyst that can support another round of prices moving in both direction..

@MegaTrade101, we must have been doing something right!
Thank You very much. As of June 30, 2015 update.

In effect, Megatrade101 is now in the process of adjusting positions to unload and carry-over towards the 3rd quarter of 2015.. For the time being it is our traditional trading break and would like to express the honor of being able to provide / share our significant trading journey this 2nd quarter. As a majority of our loyal constituents and clients have benefited from these few but well defined pairs. 

Not to mention, our viewers who have been able to take advantage of some of our information to better their bottom-line figures as this is our own way of providing an independent, unbias market analysis while in search of the right trading information resources. These sequence of analysis described has been our best performing end-result for the month of June 2015 as evidenced from our blogspot data alone: not including the reviews from our website.