- Search Metals Mine
-
michaelpelly commented Jan 31, 2013Plan, goal, confidence.
3 Ways To Reduce The Impact Of Emotion When Trading
-
michaelpelly commented Jan 29, 2013At least they try :-).
Oanda Presents fxTrade Bridge for Metatrader 4
-
michaelpelly commented Jan 29, 2013What'a you know! :-) Barosu said in Portugal that all EU problems are solved! A bright future expects us! All EU clowns start to sound me like the USSR propaganda of the late 80's...we all now what follows...
Spain retail sales fall 10.7% in December
-
michaelpelly commented Jan 29, 2013The EZ will break in spectacular way - when nobody expects it and very suddenly - it is enough one country to fuk-up and domino will follow. It is like the trade that went bad - you hope, you hope and then you just accept it and cut the loss.
France 'totally bankrupt', says labour minister Michel Sapin
-
michaelpelly commented Jan 26, 2013Capital is a river - flows were it most-easily possible direction. Putting artificial "bents" only delays the outcome.
How Will the Tobin Tax Change the European Forex Landscape
-
michaelpelly commented Jan 22, 2013Good point. My profit:loss ratio on week charts is 5:1 or more - I would not risk capital for less. Gold is a good tool - could give you almost 6:1 ratio.
German ZEW Indicator - Increasing Optimism
-
michaelpelly commented Jan 22, 2013Well - you are right - no need to wait G/U - I have a short entered at 1.6335. Basically I try to swing 3 pairs all the time on weekly charts (E/U, G/U, XAU/EUR or XAU/USD). Good entry point for first attempt at long position for GBP/USD is between ...
German ZEW Indicator - Increasing Optimism
-
michaelpelly commented Jan 22, 2013My setup is quite simple :-): wait E/U to touch again 1.2700 and try heavy long (couple attempts with 5% total loss acceptible), same with G/U at 1.53xx zone, same with gold at 1540 zone.
German ZEW Indicator - Increasing Optimism
-
michaelpelly commented Jan 22, 2013As people say - "naked optimism does not fill empty stomach", it only serves to calm down your desperate mind! :-).
Optimism stabilises among manufacturers but output still flat - CBI
-
michaelpelly commented Jan 22, 2013Exactly - the only way that works for me is the "investor-speculator" way - long/short some amount and wait your position to go on profit. Requires some capital though - but comparing time and nerves - better spend some time to acquire $50k outside ...
German ZEW Indicator - Increasing Optimism
-
michaelpelly commented Jan 22, 2013Cool! I was reviewing my account statistics - seems to me that 4 or 5 trades peer year give more profit than 100 per month these days. Problem is the patience and the "itchy fingaz!" :-).
German ZEW Indicator - Increasing Optimism
-
michaelpelly commented Jan 22, 2013I trade E/U only on heavy supports, like the jumpback in the summer when the "artista" Draghi spoke - got a heavy long with 600 pips target - enough to avoid wasting money on chasing deutche ZEW index induced 50 pips spikes.
German ZEW Indicator - Increasing Optimism
-
michaelpelly commented Jan 22, 2013I still believe 2013 E/U will trade in range 1.25xx - 1.35xx
German ZEW Indicator - Increasing Optimism
-
michaelpelly commented Jan 22, 2013That pair is very good for trading in 4h frame - my problem is that I do not have to sleep in my time-zone to get day trade ;-).
German ZEW Indicator - Increasing Optimism
-
michaelpelly commented Jan 22, 2013Excellent example of buy the rumors ;-) These think-tank indexes are only good instrument that induces market volatility - nothing more. Very good for scalping and short-therm profit. Next month - another index will go very red or very green and ...
German ZEW Indicator - Increasing Optimism
-
michaelpelly commented Jan 22, 2013So far cable lifted with the huge 20 pips and start struggling again - we anxiously wait for the other 200 up to 1.6xxxx ;-).
German ZEW Indicator - Increasing Optimism
-
michaelpelly commented Jan 22, 2013Mario Draghi - my favorite "artista italiano potenta"!
EUR/USD seeing accelerated losses
-
michaelpelly commented Jan 21, 2013Hah! I like this! "Closed for maintenance!" :-)
AUD/USD – Continuing its 1.05 rheme