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PipTrapper commented Sep 12, 2011When the equity indexes whipsaw, so does the Euro. They are currently somewhat correlated.
Italy is in talks with China investment to buy bonds
- PipTrapper commented Sep 12, 2011
My target is 1.31. I've been short since 1.4450 and 1.4250. When I go to bed all I dream about is candles shooting up and down. I think I need a break. Perhaps time to take profit and throw a party
Italy is in talks with China investment to buy bonds
- PipTrapper commented Sep 12, 2011
Oh lovely!!! Now we're back to playing a game of roulette with the Euro. Will that be red or black sir?
Italy is in talks with China investment to buy bonds
- PipTrapper commented Sep 12, 2011
There is an old British 3 wheeled car like that. I think it was called a Robin. If you slam on the brakes while the wheel is slightly turned, you topple over. LOL
China New Lending Rises 13.5% in August to 548.5 Billion Yuan, PBOC Says
- PipTrapper commented Sep 12, 2011
For now that is correct. But be aware that things can change. They just haven't yet.
Trichet: Anticipate Satisfactory Troika Review For Greece
- PipTrapper commented Sep 12, 2011
retrace / consolidation / correction. Call it what you will but the general trend is still down. LerninForex, Open a 4H chart and look at the decline over the last 2 weeks. It's not straight down. There are many retraces to the upside. This is one ...
Trichet: Anticipate Satisfactory Troika Review For Greece
- PipTrapper commented Sep 12, 2011
He's counter trending. He's got balls of steel and I respect him for that. Go get them green pips DF
Trichet: Anticipate Satisfactory Troika Review For Greece
- PipTrapper commented Sep 12, 2011
That all depends what happens to the equity markets in the NY session.
Euro, bank stocks hit by Greek default fears
- PipTrapper commented Sep 12, 2011
I'll make it a bit easier for you BP. A close at or below 1.3626 on the 1H chart is the target for the retrace. If it breaks and closes above that, next target is 1.3650 area followed by 1.3725 area. Beyond that is the caution zone.
Euro, bank stocks hit by Greek default fears
- PipTrapper commented Sep 12, 2011
After a long move downward, this is normal. People taking profit on their euro shorts plus traders on the equity and commodity markets covering their shorts. Just watch the 1.3650 line. If it breaks and closes above there, then the consolidation may ...
Euro, bank stocks hit by Greek default fears
- PipTrapper commented Sep 12, 2011
This is a technical retrace / consolidation. Target is the 1.3620/30 area. After that, as long as it does not break and close above 1.3650 and as long as no good news comes out of Europe, it should resume the downtrend.
Euro, bank stocks hit by Greek default fears
- PipTrapper commented Sep 12, 2011
There is an island in the Mediterranean that is part of the Eurozone where there are many laws and rules but none of them are enforced. I always thought that those attributes were indigenous to the island. However it seems they also apply to the EU. ...
EU's Juncker says euro zone prepared to boost EFSF: report
- PipTrapper commented Sep 12, 2011
I wouldn't have got involved if some of that abrasion wasn't directed at me. Jolly Roger can fight his own battle. I was fighting mine. url Jolly Roger was not abrasive with me.
Coming week market drivers: Bailout exhaustion or brinksmanship at the brink?
- PipTrapper commented Sep 12, 2011
eqadsforex, With all due respect, I have seen many posters like you who knowingly or unknowingly (I'm not sure which in your case), very abrasively get under some people's skin. This is an open forum where traders and other interested parties share ...
Coming week market drivers: Bailout exhaustion or brinksmanship at the brink?
- PipTrapper commented Sep 11, 2011
Eqadsforex, Where government fails to decide, the market decides. Government can sometimes be right and sometimes be wrong. However, the market is always right.
Growing Consensus That Greece Default Imminent Undermines EU, Global Markets
- PipTrapper commented Sep 11, 2011
I agree with what you're saying but I wasn't looking for advice. I was only participating in a theoretical discussion.
Merkel allies break taboo with Greek default talk
- PipTrapper commented Sep 11, 2011
Yes it can be lots of fun. It can also be very stressing. Furthermore, the fact that what goes up must come down and vice versa is what keeps us with something to trade. All the above is why I always trail my positions by a fair margin according to ...
Swiss names pummeling EUR/USD
- PipTrapper commented Sep 11, 2011
JR: Do you happen to know what percentage of Japan's exports go to the EMU countries? I know exports to US are about 20% which explains why it wouldn't do any good to pseudo-peg to the USD.
Merkel allies break taboo with Greek default talk
- PipTrapper commented Sep 11, 2011
Yes it weakened the Yen (After they intervened) lol
What Time-Frame Should I Trade in? Consider Intrinsic and Extrinsic Risks