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PipTrapper commented Sep 9, 2011Perfect. We're on the same page.
Leveraged sellers in EUR/USD behind the latest dip
- PipTrapper commented Sep 9, 2011
The strong support you speak of is a declining trend line of the two previous lower lows on the weekly chart. A bounce was expected here and we may even see a retrace on Sunday/Monday before retesting it. By then it should be slightly lower. Also ...
Leveraged sellers in EUR/USD behind the latest dip
- PipTrapper commented Sep 9, 2011
The debt swap take up number they refer to is the participation percentage of the private lenders. Their target is 90%. They are not publishing them because they are not even close to that number. They are probably around 70%.
No number will be given on debt swap take-up on Friday
- PipTrapper commented Sep 9, 2011
You are most likely correct. However, you should never trust a politician to tell the truth when his career (and country's financial well being) depends on telling lies. Reminds me of a quote I read once. I don't remember where but it goes like ...
Market Chatter Of Greek Default Over The Weekend
- PipTrapper commented Sep 9, 2011
Well then we can all rightly assume that it is under 90%. Probably way under.
No number will be given on debt swap take-up on Friday
- PipTrapper commented Sep 9, 2011
and Greece may decide to stick with the Euro, except it will be a Greek Euro and it will be called the Gyro (Prounounced Yeerow) lol
Bloomberg: Germany readies plan to shore-up banks if Greece defaults
- PipTrapper commented Sep 9, 2011
obviously an anonymous official. Pay no attention to this. Even if George Papandreo himself said it was rubbish, I still would believe that Greece would default unless the Dutch and the Finns back off their demands for some kind of collateral AND ...
CNBC: Greek official calls default rumor “rubbish”
- PipTrapper commented Sep 9, 2011
I am targeting the 1.31 area in the near term as long as the Greek and Italian issues are still on the headlines. However, if there is a turn around in the situation, be aware that the euro can very easily return to 1.40 and above.
Leveraged sellers in EUR/USD behind the latest dip
- PipTrapper commented Sep 9, 2011
They are probably exchanging the euros for USDs. lol
Swiss names pummeling EUR/USD
- PipTrapper commented Sep 9, 2011
Take note that the euro equities and us equity futures are going up. So is US oil. This might turn out to be a risk-on day, in which case the euro will post a rebound (although probably quite limited). So don't take any short positions for now.
Leveraged sellers in EUR/USD behind the latest dip
- PipTrapper commented Sep 9, 2011
My Analysis: If we close the week below 1.3800 today, then we're most likely heading to 1.20 eventually. Of course we will get bounces along the way, the first of which we may see on Monday up to the 1.3980/1.4000 area before accelerating downwards. ...
Leveraged sellers in EUR/USD behind the latest dip
- PipTrapper commented Sep 8, 2011
Well then it's a good thing you didn't keep your cool
EUR flatlines ahead of ECB decision-Not for long
- PipTrapper commented Sep 8, 2011
Cichy, I may seem PRO and calm now but when I shorted at 1.4450 I had sweat beads forming on my forehead. lol
EUR flatlines ahead of ECB decision-Not for long
- PipTrapper commented Sep 8, 2011
DragonFire, We are sitting at the bottom of the long term rising bull channel, or rising trend line if you wish. Price has pierced it at approx 1.3980 but failed to close below it. That tells me that we still do not have a clear directional breakout ...
EUR flatlines ahead of ECB decision-Not for long
- PipTrapper commented Sep 8, 2011
Yes... or a 123 reversal to confirm the bullish gartley pattern on the H1 chart.
EUR flatlines ahead of ECB decision-Not for long
- PipTrapper commented Sep 8, 2011
I shorted at 1.4450 and piled on another position at 1.4250. I do not have the appetite to take on another position at the moment.
EUR flatlines ahead of ECB decision-Not for long
- PipTrapper commented Sep 8, 2011
Now we wait for a reversal signal. If we get it, we could see 1.42 today.
EUR flatlines ahead of ECB decision-Not for long
- PipTrapper commented Sep 8, 2011
Do you not suppose that the SNB will be buying Euros if it falls any more against the CHF? The only other safe havens currencies are the Yen and the USD. USD will probably not gain much strength and Japan has already announced it will not let the ...
EUR flatlines ahead of ECB decision-Not for long
- PipTrapper commented Sep 8, 2011
Yes... It's like replacing the glass with a bigger one instead of removing some water
Trichet May Choose Liquidity Over ECB Rate Cut