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PipTrapper commented Oct 3, 2011There's a saying on Wall Street but I don't remember the exact words so I will paraphrase. "When you cannot sell what you want, you sell what you can, including your grandmother's necklace"
Eurozone teeters on the verge of a 'euroquake' if Greek default is bungled
- PipTrapper commented Oct 3, 2011
Jonahky, Aren't you now glad the UK didn't join the EZ?
Eurozone teeters on the verge of a 'euroquake' if Greek default is bungled
- PipTrapper replied Oct 3, 2011
Thanks Walb99, I've been following since you first posted the link last week. More and more doom and gloom. Not looking good at all. Let's see if it all unfolds the way the media depict it.
EurAnalysis
- PipTrapper commented Oct 3, 2011
Greek default is imminent: agreed US in recession: agreed Gold will rise more: agreed Employment will be bad: agreed However, these are all dynamic situations that can change quickly. So in essence, you are trying to get ahead of the market. ...
Eurozone teeters on the verge of a 'euroquake' if Greek default is bungled
- PipTrapper replied Oct 3, 2011
Good Morning to you too PipKiller. Hope you snoozed well. Thanks for that link to finviz.com. I've been looking for a visual representation like that for quite a while. I love visuals. Give a more clear picture. Numbers require way too much cranial ...
EurAnalysis
- PipTrapper replied Oct 3, 2011
Agreed. Unfortunately it doesn't look like anybody is moving quickly in that direction, unless it is all taking place in secret meetings. I strongly believe that is what may be going on in regards to a Greek default. It will be a controlled one. ...
EurAnalysis
- PipTrapper commented Oct 3, 2011
Be careful with precious metals and commodities TradingB. If the US release a positive NFP number on Friday, the USD will surge up and because precious metals and other commodities are priced in US dollars, that may very well drive the price down. ...
Eurozone teeters on the verge of a 'euroquake' if Greek default is bungled
- PipTrapper commented Oct 3, 2011
Where are you going Jolly?
700 Arrested After Wall Street Protest on N.Y.'s Brooklyn Bridge
- PipTrapper replied Oct 3, 2011
Yes I am hoping price will go there, but hope is not a trading strategy
EurAnalysis
- PipTrapper replied Oct 3, 2011
Welcome to EurAnalysis hjs69 and thank you for your comment
If you haven't already done so, please take the time to read page 1 of this thread in order to familiarize yourself with the thread's objectives. We look forward to your participation. ...EurAnalysis
- PipTrapper replied Oct 3, 2011
Walb99, Thanks for posting that link. Anything that's good for the economy is most certainly good for the equity markets and therefore good for the euro in the long term. However, this is not a program that can be implemented quickly as it most ...
EurAnalysis
- PipTrapper replied Oct 3, 2011
Interim Update — Hi traders, Just an interim update of the situation as I currently see it. Mind you the US session can take this either way in a hurry. On Friday we got a small bounce off the long term rising trend line (RTL-2) at 1.3413 ...
EurAnalysis
- PipTrapper replied Oct 3, 2011
Hi Swede and good morning to you. I am assuming that you meant support and not resistance. But yes, I agree. Now we can only go with long term history when looking for support areas. My next support line is at 1.3250/60 area followed by 1.3180/90 ...
EurAnalysis
- PipTrapper commented Oct 2, 2011
Paul, No breaking news can help the euro right now but the absence of negative news may stabilize it long enough for a technical correction/consolidation/range. We shall have to wait and see what happens in European session.
Eurozone teeters on the verge of a 'euroquake' if Greek default is bungled
- PipTrapper replied Oct 2, 2011
Hi everybody. Hope you all had a great weekend. Most of Asia are on holiday today so expect choppy action until Europe open. German banking holiday also so Europe will not be up to normal volume. Going to get some sleep now. See you all in 4 or 5 ...
14 Year Old Forex Trader's Lessons
- PipTrapper commented Oct 2, 2011
Dragonfire, Come visit my thread at EurAnalysis. It's very informative and wafflers are not welcome. Be sure to read page 1 before posting anything. Here's the link --> http://www.forexfactory.com/showthread.php?t=317077
Eurozone teeters on the verge of a 'euroquake' if Greek default is bungled
- PipTrapper replied Oct 2, 2011
Eagle and Ace, We should have a much more clear picture once Europe opens. Most of Asia is on holiday today.
EurAnalysis
- PipTrapper replied Oct 2, 2011
I'll bet dollars to donuts that Malta will be the last to vote. If one of the other two veto the EFSF ammendments, Malta will follow suit.
EurAnalysis
- PipTrapper replied Oct 2, 2011
Hi Momo and welcome to EurAnalysis To answer your question as simply as possible I would say that we are all in a holding pattern until the market starts moving. Any projections we made on Friday were based on the fact that the 1.3361 low was not ...
EurAnalysis
- PipTrapper commented Oct 2, 2011
Glad there are still some buyers out there. If there weren't any, I wouldn't be able to sell.
Eurozone teeters on the verge of a 'euroquake' if Greek default is bungled