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PipTrapper replied Nov 25, 2013The fact that it did not reverse on weaker than expected US home sales data, tells a very interesting story about how disconnected the markets have been from reality. Prepare to dive... back down to range low. image
Cable Update (GBPUSD)
- PipTrapper replied Nov 25, 2013
Well my ultimate target is 1.55xx, but for today 6135 is enough. Target reached
The Club!
- PipTrapper replied Nov 25, 2013
HaHa. I wish 10 lots could move the market more than 1 nanopip
The Club!
- PipTrapper replied Nov 25, 2013
Nice KB. The last time I made a trade from my mobile, I ended up selling 10 lots instead of 1 by mistake of course. However I was lucky because I managed to close the 9 extra lots in 10 pips profit. Now I only trade with my tablet when I am out.
The Club!
- PipTrapper replied Nov 25, 2013
That's a good question. This time last year the markets had already corrected before December, but this year they are exploring uncharted territory and the slope is at its steepest in a very long time. Technically it says reversal before January all ...
Cable Update (GBPUSD)
- PipTrapper commented Nov 25, 2013
A $10 bln taper will do nothing to the economy or the retail shopping season, but what it will do for the mid term is send a signal that the Fed is confident about the economic growth. Yes the markets may initially react in risk aversion mode, or at ...
Goldman Reveals First Two "Top Trades" Of 2014: Buy S&P, Short AUD
- PipTrapper replied Nov 25, 2013
At some point we need a healthy correction and I believe it will be anywhere between 5% and 10%. Even the biggest equity bulls will tell you they are expecting it. I fully expect the equity markets to remain well bid if the economy is doing well ...
Cable Update (GBPUSD)
- PipTrapper commented Nov 25, 2013
<Rant> QE is not supposed to reflect any economic situation. In fact QE defies economics altogether. What it does reflect is pure manipulation of the natural cyclical nature of economics. A distortion of reality... a farce. </Rant>
Goldman Reveals First Two "Top Trades" Of 2014: Buy S&P, Short AUD
- PipTrapper replied Nov 25, 2013
Have you noticed that according to traditional correlations, there is a sense of fear (risk aversion) creeping into the currency markets for the last few weeks... despite the Dow making all time highs? Look at Swissie, more specifically EUR/CHF
Cable Update (GBPUSD)
- PipTrapper commented Nov 25, 2013
Regarding the Aussie, I see a retest of 0.9260 in the cards and then back down towards 0.89xx. From there we shall see, but I would not rule out low to mid 0.8x in 2014
Goldman Reveals First Two "Top Trades" Of 2014: Buy S&P, Short AUD
- PipTrapper commented Nov 25, 2013
If we get good US data and the market feels we may be in for a December taper, then I would not be ruling out a sub $1000 gold price.... as well as a nice correction in SP500 and a further Aussie meltdown. However, right now the market sees that as ...
Goldman Reveals First Two "Top Trades" Of 2014: Buy S&P, Short AUD
- PipTrapper replied Nov 25, 2013
Hmmm. That's really interesting. My friend at GS told me that they are targeting 1.55, but they want retailers to flip to buying first so that it gives them liquidity to sell when taking out the stop losses of the bulls. Therefore they are going to ...
Cable Update (GBPUSD)
- PipTrapper replied Nov 25, 2013
Okay sure, I agree that fear could be a good thing if it only caused traders to not trade, but it does have other implications. Anyway, my point is that extreme greed and extreme fear are both killers and the ideal is somewhere on or near the ...
5 Reasons Why Traders Lose
- PipTrapper replied Nov 25, 2013
Yes it is much more helpful because the DXY is Euro centric. Whilst the DXY is probably better for trading the EUR/USD, it is useless if you're looking to gauge USD sentiment overall. The Dow Jones FXCM US Dollar Index is even weighted across the ...
EurAnalysis