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michaelpelly commented Feb 10, 2013Fair analysis, but I prefer to see those "high" levels first, before enter a long term trade. There is a strong belief now that EUR is in a nice dip-buy position - I'm not buying it just yet.
Pimco: Euro Will Remain Strong As ECB Is Set To Lose The Currency Race To The Bottom
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michaelpelly commented Feb 9, 2013Looking very closely at the week charts for the last 3 swings - I'm pretty skeptic the gold will climb above 17xx before at least "lick" the bottom under 16xx. Gold already took a glimpse to 1625 and jumped back almost to 1698. If such fall occurs ...
Will Gold Rally on Monday?
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michaelpelly commented Feb 7, 2013So much mumbo-jumbo from this guest above. I do avoid those sophisticated indicators and words - all that stuff makes me loose mind. I prefer simple common sense and really smart risk management - you just can't predict the market. If this turns to ...
Draghi Strikes Again: Talk, but No Change
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michaelpelly commented Feb 6, 2013I like the 1700 levels - shorted it twice times last 5 weeks with sweet 5000+ profit each time - next seems to be coming...
Gold is at a Crossroad, Setting up for a Breakout
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michaelpelly commented Feb 6, 2013Dunno if there is any astrological involvement :-), but definitely gold is now just a "inflation-protected money storage" - if risk sentiment goes high - gold slips into depression :-).
Gold is at a Crossroad, Setting up for a Breakout
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michaelpelly commented Feb 6, 2013I agree - gold spiked several times last couple weeks just bellow 1700, but quickly reversed. It is quite possible to test 1600 next 2-3 weeks. Largely depends on the risk sentiment - if it continues in steady manner - gold is definitely sold-out.
Gold is at a Crossroad, Setting up for a Breakout
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michaelpelly commented Feb 4, 2013Maybe not in a full meaning, but heavy social turmoil and violent demonstrations for sure.
Greek finance minister sent bullet in the mail
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michaelpelly commented Feb 4, 2013I did not mentioned anything on the EUR.
Greek finance minister sent bullet in the mail
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michaelpelly commented Feb 4, 2013Sir, I live just north of Greece and travel often there - believe me - I know the people very well! (not even sarcastic)...
Greek finance minister sent bullet in the mail
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michaelpelly commented Feb 4, 2013DAX took it really hard!
EUR/USD Selloff – A look at Momentum and Trendline
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michaelpelly commented Feb 4, 2013I'm sure not too much time will pass and the words "concern" will start to transform into economic "panic" and "fear"...EZ is still on the verge of collapse.
Political Concerns in Spain and Italy Weigh on Markets
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michaelpelly commented Feb 4, 2013As I said before - If policies remain the same - Greece will suffer destructive social and government melt-down and will be on the bring of civil war. It happened back in the 70-s and their society is prone to such extremes...
Greek finance minister sent bullet in the mail
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michaelpelly commented Feb 4, 2013Reason!? There is no reason for many market moves but they happen - so it may never reach 1.4xxxx ;-).
Momentum Selling Has EURO Longs Seeking Exit
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michaelpelly commented Feb 4, 2013So...EZ is surely becoming "Germany and everything else"...like the old joke that "Only 2 car makes exists in the world - Mercedes-Benz and all others..."
Germany’s economy pulls away from euro partners
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michaelpelly commented Feb 4, 2013You gonna need some "gold" water obviously :-).
The bacterium that lays tiny nuggets of gold
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michaelpelly commented Feb 3, 2013Good (the way Emperor told lord Vader) :-). Let it come to 1.40-42. We need to prepare heavy bear axe in the back pockets for nice swing trade all way down to 1.25xx :-). Just do not forget - shallow stops, close attention and quick secure zero ...
Euro vaults $1.3700 for first time since mid Nov 2011
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michaelpelly commented Feb 2, 2013Do not underestimate the chancellor's powers! ;-)
Merkel says EU budget talks will be tough, outcome unclear
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michaelpelly commented Feb 1, 2013Drago is right. If you really want to short - at least wait around 1.4xx. Or if you short now - use small stops and quickly secure "zero" profit with SL on the dip - if it is the reverse - you win, if not - you will be zero profit and try again ...
Euro vaults $1.3700 for first time since mid Nov 2011
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michaelpelly commented Feb 1, 2013Cool! Nice parallels - you are now officially our new Ray Bradbury here :-).
EUR/USD through 1.3600
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michaelpelly commented Feb 1, 2013Nice job. Even better with XAU/USD - approx. 24000 pips in swing period - with position average on every 2000 pips. Profits exceed all day-to-day trade efforts and risk is minimal after your first entry. I call it "progressive logarithmic trend ...
EUR/USD through 1.3600