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michaelpelly commented Feb 26, 2013Nice one - but GBP short song is not at the end riffs yet - get ready for emergencies.
Gold’s death cross is no reason to feel grim
- michaelpelly commented Feb 26, 2013
It might become "Berlusconi"-sick. In some pervert sense market could embrace the pound as safe heaven for the time being...
King Says Near-term Outlook For Euro Area Is Weak
- michaelpelly commented Feb 26, 2013
Doubt that current conditions could be compared to 2007...
Hedge Funds Have Never Been More Bullish Stocks (And Bearish Gold)
- michaelpelly commented Feb 26, 2013
Told you many times - the 1525-35 zone must be tested first to deduce what will happen with the gold.
Gold’s death cross is no reason to feel grim
- michaelpelly commented Feb 25, 2013
You like motor yachts and "bunga-bunga" parties? :-)
EUR/USD – Falling Channel vs. Rising Trendline
- michaelpelly commented Feb 25, 2013
Gold can move 6000-7000 pips for a week - it is too early to tell what Friday evening will say ;-).
Gold Bets Cut by Most Since ’07 as Sugar Bears Grow
- michaelpelly commented Feb 25, 2013
1525-1535 should be tested first...80% probability
Gold Bets Cut by Most Since ’07 as Sugar Bears Grow
- michaelpelly replied Feb 24, 2013
Yes, you can - but not by pushing 5000$ account to a million. If you accept the trading as "divident" payoff it should be very easy to make 30-40 % per year. That is more than enough to make a descent sallary out of 100-150k account, considering the ...
Can you honestly earn a good living or even get rich through forex?
- michaelpelly commented Feb 24, 2013
Why these tech analysis are so lame. Gold was going down 2 weeks before FOMC statement - this only helped as excuse for the sell rally. Nothing to think about - gold will retest the 1525 - 35 support zone.
Gold Technical Update – Week Of 25th February 2013
- michaelpelly commented Feb 24, 2013
That will be very fortunate:-)! I will keep my "long" heavy axe sharpened, but I really doubt it will break bellow 1.26xx.
The End Game For The Euro Rally Is Here
- michaelpelly commented Feb 22, 2013
Wow, that was a surprise - at least 1.46 seems likely now.
Moody's downgrades UK to Aa1 from Aaa; outlook now stable
- michaelpelly commented Feb 22, 2013
Not yet. Secure some buy orders above 1580 just in case, but I think it will "lick" 1525-35 support zone before jump-back. Probably next week.
Bernanke may push back against hawkish talk
- michaelpelly commented Feb 22, 2013
That makes it so exciting - if you have profits this means that you got away from the crowd and you get your ego satisfied :-).
Trade Setup for the Day: GBP/USD Short (February 22, 2013)
- michaelpelly commented Feb 22, 2013
Way to go deutche freund!
German Business Confidence Jumped to 10-Month High in February
- michaelpelly commented Feb 22, 2013
Exactly my point - nearby a major swing point indicators are very misleading - they usually work when market is pretty calm and straightforward. Who could know if several hedge funds, big banks and holdings would not decide to buy today and lift it ...
Trade Setup for the Day: GBP/USD Short (February 22, 2013)
- michaelpelly commented Feb 22, 2013
Or it may kick-back towards 1.56 next week - point is - this MA-s and Fibonacci "analysis" are just a pink dust in trader's eyes - they fail so many times that using common sense is much more simpler and easy way of trading.
Trade Setup for the Day: GBP/USD Short (February 22, 2013)
- michaelpelly commented Feb 21, 2013
Welcome back to 1.26xx zone EUR/USD ;-).
Eurozone PMI signals steepening downturn in February
- michaelpelly commented Feb 21, 2013
A small remark - XAU was falling even long before FOMC even hint about lowering the QE. GBP is dropping like stone on almost all pairs except JPY (for example broke 55yrs low against NZD).
Is George Soros About to Short the British Pound Again?
- michaelpelly commented Feb 21, 2013
The problem,sir is that it could drop even to 1.46 or 1.42 before start to regain upwards. Going against the trend is not wise for such big risk trades - I got a hit on my cheek by the yen pairs in Dec-2012 doing the same - better miss some pips ...
Is George Soros About to Short the British Pound Again?
- michaelpelly commented Feb 20, 2013
Well, I hope you go for its billions some day :-)
Is George Soros About to Short the British Pound Again?