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michaelpelly commented May 26, 2015You missed the point - daily reversals have huge advantage in R:R ratio compared to daily breakouts.
USDJPY takes out 122.00 offers and triggers stops in a rush
- michaelpelly commented May 26, 2015
Dude, 215 pips is ridiculous with the risk of possible reversal bellow 121.xx. I did 4000+ pips on the cable movement from 1.46xx to 1.58xx with several positions - not using bots, or whatever...and the risk was minimal after cable started to climb ...
USDJPY takes out 122.00 offers and triggers stops in a rush
- michaelpelly commented May 26, 2015
You ruined my morning joy...
Now I have to become "nazi/communist pig" again to enjoy certain forum members here...:-)Varoufakis says Greece committed to reforms, rules out more austerity
- michaelpelly commented May 26, 2015
Cool! :-) When you gonna give us a ride? ;-)
USDJPY takes out 122.00 offers and triggers stops in a rush
- michaelpelly commented May 26, 2015
Deal, deal, deal! ;-) I can smell the deal! ;-)
Varoufakis says Greece committed to reforms, rules out more austerity
- michaelpelly commented May 25, 2015
On the question - I think Greece is screwed either way - at least short term.
Morning View: Holiday Markets and Greece's 'Monetary Asphyxiation'
- michaelpelly commented May 25, 2015
I doubt you'll find traders here... If you want my opinion - traders are not interested in austerity or GDP reduction - they seek currency trade opportunities - depressed currencies to buy and overvalued currencies to sell. Only some salary men here ...
Morning View: Holiday Markets and Greece's 'Monetary Asphyxiation'
- michaelpelly commented May 25, 2015
Cable has gained huge since 1.4650 levels. It will not break 1.5850 resistance until Greek drama is not solved. And probably first a trip to 1.50xx zone is more likely. Otherwise yes - cable will get to 1.6 eventually - but it might go to 1.48xx ...
EUR/USD: Curvy; Cable: 1.60; USD/JPY: Buy A Breakout - Nordea
- michaelpelly commented May 25, 2015
More spending would mean only more debt - Greek GDP and economy is based on huge internal spending - increasing this spending will not create more budget income - just more debt, debt, debt. Spending can improve economy that has sustainable levels ...
Varoufakis: Austerity Is the Only Deal-Breaker
- michaelpelly commented May 23, 2015
Or tanking... Remember what happened to cable when the Scots were voting for independence?
Bank of England confirms EU exit research after email misfire
- michaelpelly commented May 22, 2015
Bargaining with Greeks is similar to bargaining with Romani (gipsy people) on a flee market...
The Only Three People Worth Listening to on Greece
- michaelpelly commented May 22, 2015
It is in sight for couple months now and still ranging :-). Don't hold your breath :-).
USDJPY: 7.5-Year High at 122.00 in Sight after 2-Year High in Core CPI
- michaelpelly commented May 22, 2015
I think the German financial minister already made his mind on this matter. And it is hard choice - either let Greece in the pit or loose political support at home - how do you think a politician would decide?
No, a parallel currency is not the answer to Greece's problems
- michaelpelly commented May 22, 2015
Aha, sorry - but those news are just copy paste from all financial media - I doubt forex factory site is a market maker :-). Greece story just stirring volatility - which is good for markets and have nothing to do with the Greek economy.
Greece sees reforms deal with lenders in next 10 days
- michaelpelly commented May 22, 2015
I say hard labour and less lazy youth generation is the solution to the Greece problem. Less communism, more "travail" :-).
No, a parallel currency is not the answer to Greece's problems
- michaelpelly commented May 22, 2015
Clownade must go on...
Greece sees reforms deal with lenders in next 10 days
- michaelpelly commented May 22, 2015
My gbp shorts played really well in the risk off environment due to the greek debt uncertainty. Thanks for asking...
Greece sees reforms deal with lenders in next 10 days
- michaelpelly commented May 22, 2015
My country's VAT is 20% flat for everything for the last 18 yrs. So - nothing drastic to see if Greece start to come to reality. And if they need money - it is their problem, not the whole world.
Greece sees reforms deal with lenders in next 10 days
- michaelpelly commented May 22, 2015
Let's see it happening.
Greek Spokesman: Deal With Creditors Can Be Made Within 10 Days
- michaelpelly commented May 22, 2015
Nice one - the top was actually at least 200 pips above - so now is time for short entry so the price could jump 100pips and all crowd "traders" would start with the funny comments like "Robber Bank MMs and market manipulation" :-) Fun is never ...
This Is The EUR/USD Top; Here Is Why? - Morgan Stanley