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PipTrapper replied Sep 25, 2011If the Asian markets are gong to set the pace for this trading day, it doesn't look good right now. CHART: Nikkei 225
14 Year Old Forex Trader's Lessons
- PipTrapper replied Sep 25, 2011
Hi Aaron. I guess we will have to wait and see when the time comes. However, if it all plays out that way, I would say 1.78 by 2015. But that's just a very loose projection assuming the Euro will still be around as we know it.
EurAnalysis
- PipTrapper replied Sep 25, 2011
Very true. I got burned by that one when Bear Stearns failed. Bad memory still haunts me. Eek!!!
14 Year Old Forex Trader's Lessons
- PipTrapper replied Sep 25, 2011
If there was any legitimacy to the off-market spike downwards to 1.3325, then it is possible that is where it is heading.
14 Year Old Forex Trader's Lessons
- PipTrapper replied Sep 25, 2011
If your ATR indicator is set to 14 periods and you are in the H1 chart, then that would be the average range of the last 14 hours. EDIT: I mean the last 14 hourly candles on your chart
14 Year Old Forex Trader's Lessons
- PipTrapper replied Sep 25, 2011
Possible bounce but definite break. With reference to the chart on my previous post, the purple MA line is a 144ema. That currently prices at 1.3605. If we get a bounce upwards, that and the channel resistance are the target areas before a break ...
14 Year Old Forex Trader's Lessons
- PipTrapper replied Sep 25, 2011
After a big enough move during off-market hours, even if all the off-market data was present on the charts, just by virtue of the fact that such a move would see a correction, the pseudo-gap would eventually be filled anyway.
14 Year Old Forex Trader's Lessons
- PipTrapper replied Sep 25, 2011
I don't trust that level. looks too much like an inverse H/S pattern to me. I would feel more comfy taking a short at channel resistance. But then again I am looking more longer term. Intraweek vs intraday.
14 Year Old Forex Trader's Lessons
- PipTrapper replied Sep 25, 2011
Check out what Forex Crunch has to say about the Euro this week... url Very basic analysis. Not really that convincing, but somehow, more often than not, they seem to call it correctly.
14 Year Old Forex Trader's Lessons
- PipTrapper commented Sep 25, 2011
I beg to differ with you on this one as it seems to be that the Euro is currently in a holding pattern for many driving factors over this and next week. This week, European parliaments will vote on the expansion of the EFSF. Also Bernanke will be ...
EUR/USD Outlook – September 26-30
- PipTrapper replied Sep 25, 2011
The long term approach — I've been trading forex for almost 10 years now. Back then it was a completely different market. If you had a 100 pip move in the EUR in a day, you were lucky. Things were much calmer and the retail forex market was ...
EurAnalysis
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EurAnalysis
Started Sep 25, 2011|Interactive Trading|72,387 replies
ATTENTION ALL LURKERS AND NEW POSTERS BEFORE POSTING ANYTHING IN THIS THREAD, YOU MUST READ ...
- Submitted Sep 25, 2011|From telegraph.co.uk|9 comments
The three-pronged deal would set up a massive fund to create a "firewall" around the most indebted eurozone countries, allow for an "orderly" Greek default on at least some of its liabilities, and bail out European banks most at risk from debt. ...
- PipTrapper commented Sep 25, 2011
I am calling 1.12 in the next 6 to 9 months but it's going to be a bumpy ride. Unlike Pimco, I am not pulling numbers out of thin air. I back up my statements with a rationale. If you want to see my rationale, go to url
Greek Default: 6 Critical Weeks for 6 Countries
- PipTrapper commented Sep 25, 2011
In reality it is an EU problem to be solved by EU member states alone. But if the poop hits the fan, everyone will suffer including the US and China. So if the US or China decide to help, it will only be in an attempt to help their own economies and ...
Europe Faces Geithner, Soros Pressure to Defuse Debt Turmoil
- PipTrapper commented Sep 25, 2011
Yes the US does have a central place from where to make a plan. However, they do not have a plan either. That is why I doubt that the EU will be able to come up with a viable plan that all the member states will agree to. I cannot help repeating the ...
Europe Faces Geithner, Soros Pressure to Defuse Debt Turmoil
- PipTrapper commented Sep 25, 2011
Hungary is not part of the EMU Giorgio, so you have nothing to worry about. It's not Hungary's problem.
Europe Faces Geithner, Soros Pressure to Defuse Debt Turmoil
- PipTrapper commented Sep 25, 2011
USA has to deal with their own debt problems and Europe has to deal with theirs. This is not just a Greece problem. This is a Euro Zone problem and the Euro Zone has to come together to solve this. A controlled default (if they can manage it) is the ...
Europe Faces Geithner, Soros Pressure to Defuse Debt Turmoil
- PipTrapper replied Sep 25, 2011
LOL ok Just click on your handle at the top of the screen and it will take you to your profile settings. In the left hand pane, click on the avatar link. There you will be able to upload a picture of yourself or any other pic you want.
EURUSD
- PipTrapper replied Sep 25, 2011
I wouldn't use xe.com a a reliable price feed. It's usually pretty good but it's not authoritative.
EURUSD