Actually Qxe5+ would hang the queen, nice one.
Defences to the Parham Attack
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Since this thread has over 1300 comments, and the best defence found was joey's, which still isn't very good, I decided to establish official Parham theory in this thread:
http://www.chess.com/forum/view/chess-openings/establishing-parham-theory
I have only recently started reading this thread and needless to say I did not work through the entire thing as there is too much. What I am about to say might have been mentioned before ,apologies if it has.
my personal response to the Parham would be 3...Nh6 and 4...g6 .
Don't think Nf6 is such a great move.
g6 would lose to Qxe5+, and Nh6 just looks bad.
Unless your goal is to lose.... :)