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PipTrapper commented Sep 27, 2011LearninForex, if you want to keep up with what is happening, visit my forum thread at url
European stocks boosted by debt crisis hopes
- PipTrapper commented Sep 27, 2011
If you are confused, then you are just like the rest of the market. There is too much uncertainty. There is no such thing as an on/off switch for risk appetite. It varies like waves in the ocean. So to use that analogy, the sea is not calm but it is ...
European stocks boosted by debt crisis hopes
- PipTrapper replied Sep 27, 2011
There is a confluence of strong resistance in the 1.3660 to 1.3700 region. In the last two weeks, the Euro has range traded several times in this area and mid last week a ton of supply was made available which drove the price down to 1.3380. There ...
EurAnalysis
- PipTrapper replied Sep 27, 2011
When you have a chance, drop by and have a look in my thread EurAnalysis to see what I am doing. It is a long term thing but you might like it.
14 Year Old Forex Trader's Lessons
- PipTrapper replied Sep 27, 2011
Thanks mla, I am only taking position trades on this strategy. No day trading for me for now as I am trying to build a nice cluster of winning long term positions. I am waiting for a move up to the resistance range (1.3650-1.3700) to look for short ...
14 Year Old Forex Trader's Lessons
- PipTrapper replied Sep 27, 2011
We have finally made it to our next target at 1.3595 area. This is mostly due to some bullish activity in the equity markets. Asia took the lead this morning followed by European markets. The NY equity indices are still trading in futures right now ...
14 Year Old Forex Trader's Lessons
- PipTrapper replied Sep 27, 2011
We have finally made it to our next target at 1.3595 area. This is mostly due to some bullish activity in the equity markets. Asia took the lead this morning followed by European markets. The NY equity indices are still trading in futures right now ...
EurAnalysis
- PipTrapper replied Sep 27, 2011
Yes the Asian session started this and Europe followed their lead. Now we see if US continues it. Remember US is still in futures trading. It is the traders on the floor who ultimately dictate the direction. However, typically if futures trading ...
EurAnalysis
- PipTrapper replied Sep 27, 2011
Yes. Another method I like is to find a good strong trend line and as long as I do not see a change in sentiment and that the volatility is medium to low, I enter right at (or on a pierce of) the line for a reversal in the direction of the trend. ...
EurAnalysis
- PipTrapper replied Sep 27, 2011
Mind you, On confirmation, I still plan on taking a short at the 1.3660/1.3680 area on (or if possible, slightly above) the falling channel resistance on H1.
EurAnalysis
- PipTrapper replied Sep 27, 2011
The way the market is moving today looks like a calm before a storm and you don't want to be on the wrong side of that. I think there is still lots of upside potential but with what's going on today, I am staying out as I like to play safe in times ...
EurAnalysis
- PipTrapper commented Sep 27, 2011
Jolly, I believe they referring to Jim Rogers, not you
US Has More Serious Problems Than Europe: Jim Rogers
- PipTrapper commented Sep 27, 2011
"Greek FM Evangelos Venizelos, never to be confused with Jenny Craig" Now that's funny
"...and that Germany is to provide all help to stabilize Greece" Whoa!!! Where did that come from?Venizelos Refuses To Releases Bond Swap Data, Confirming Key Precondition To Second Greek...
- PipTrapper commented Sep 27, 2011
So Posen is now THE expert that everyone should listen to because he knows more than anyone. LOL
BOE's Posen says Europe Will Resolve Crisis, Euro Will be Fine
- PipTrapper commented Sep 27, 2011
Wow that's a great Bid-to-cover ratio.
Spain sells eu3.22 bln bills; maximum target eu3.5 bln
- PipTrapper commented Sep 27, 2011
Hey Paul, Please consider my view on this and let me know how you feel about it. You are probably correct that EZ is only thinking about their own future. That is usually the case when politicians are backed into a corner and they have to choose ...
ECB’s Bini Smaghi Says Default Would Be ‘Voting for Suicide’
- PipTrapper replied Sep 27, 2011
All equity indices are up. Commodities are up. Gold is up. USD is up. All looks good, but Euro is falling. Hmmmmm. That's all I'm going to say as I do not want to draw any conclusions from this. Just a heads up to keep an eye out.
EurAnalysis
- PipTrapper replied Sep 27, 2011
All equity indices are up. Commodities are up. Gold is up. USD is up. All looks good, but Euro is falling. Hmmmmm. That's all I'm going to say as I do not want to draw any conclusions from this. Just a heads up to keep an eye out.
14 Year Old Forex Trader's Lessons