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michaelpelly commented Sep 9, 2014Nice - when I read such comments I always wonder - "how these people make profit?!" :-)
Pound in Peril as Opinion Poll Puts Scottish Separatists Ahead
- michaelpelly commented Sep 8, 2014
This what most retailers did from July 2013 to July 2014 - furiously shorting euro and cable until both where climbing relentlessly - I guess most of them also where guessing and following the "smart money". Cable would dip until the vote - but no ...
Pound in Peril as Opinion Poll Puts Scottish Separatists Ahead
- michaelpelly commented Sep 8, 2014
Do not act irrationally! Next week the Abe adviser Yamaha (Torakusu) would say otherwise! :-)
Abe Adviser Honda: No Problem For Japan Econ If Yen Weakens a Bit More
- michaelpelly commented Sep 7, 2014
If you're not going to close it - hedge with same pair on opposite direction with many small orders (10% of original position) under the support with regular small distance between - it would give you time to maneuver or if the fall continues big ...
Pound in Peril as Opinion Poll Puts Scottish Separatists Ahead
- michaelpelly commented Sep 7, 2014
This smells like the next longterm predictions based on analysis from the last few weeks. To the extreme - most of the banks were hard convinced the cable would go to 1.42 last summer - instead it went to 1.72. And euro is definitely in the buy area ...
Dollar Bulls in the Driver Seat, but Consolidation Looms
- michaelpelly commented Sep 6, 2014
Aussie is your turf? :-)
NFP Disappoints with a 142K Print; EUR/USD's Pullback Might be Sold
- michaelpelly commented Sep 5, 2014
Can't really start to talk of bearish trend on currency pairs that moved 800 - 1000pips down already when such currencies have normal yearly swing of 800 - 1000pips (and in rare occasions the swing exceed 1500). And yes - I know the arguments are ...
NFP Disappoints with a 142K Print; EUR/USD's Pullback Might be Sold
- michaelpelly commented Sep 5, 2014
Actually, if we need to be exact - euro and cable felt last 2 months (not 5) after steady rising 12 months before. So we could devise the situation now as corrective pullback on monthly basis, before those currencies start to climb again next 12 ...
NFP Disappoints with a 142K Print; EUR/USD's Pullback Might be Sold
- michaelpelly commented Sep 4, 2014
I smell the same as last year in June and July (2013) when euro was 1.27 and cable around 1.49. All comments where how both currencies would crash even more - way down more. And both started to climb - up to 1.4 and 1.72 respectively. And for all ...
ECB discussing ABS/covered bond purchase plan at today's meeting: sources
- michaelpelly commented Sep 4, 2014
Low risk long at this price is well worthy to try - just hedge a bit with E/U or USD/Chf.
GBP/USD Deja Vu: Levels & Targets - Citi
- michaelpelly commented Sep 4, 2014
This is one of the most nonsense explanation or analysis on the cable I've seen for a long time. A) The cable rate is not nearly overvalued, neither the euro. Let's not forget the cable was raising for 12 months since July 2013. A correction was ...
GBP/USD Deja Vu: Levels & Targets - Citi
- michaelpelly commented Sep 2, 2014
Right - as another site suggested to trade the construction PMI yesterday :-). Does anyone actually believe after the huge drop yesterday (over 140 pips for 24hrs) - cable will suddenly spike 100 pips or reverse to buy due to single data release?! ...
GBP/USD: Trading the British Services PMI
- michaelpelly commented Sep 1, 2014
Oanda had their "golden" days years ago - now they are declining in terms of services and competitiveness. I switched more than an year from them to brokers with 500:1 leverage options, same or better spreads and with wonderful hedging opportunities ...
OANDA halts margin trading on precious metals in the United States
- michaelpelly commented Aug 28, 2014
Most funny thing in that situation is that monetary easing never really reach business or households. Banks acquire inexpensive capital and turn 90% of it back into the financial markets thus inflating new balloons. Bank lending to households and ...
Where European Banks are Lending
- michaelpelly commented Aug 15, 2014
Nice article though. As I always say - trading is mostly planning and management, not a movie.
So You Want To Be A Trader? 10 Things You Must Have
- michaelpelly commented Jul 10, 2014
The FED agenda is certainly hard to guess, but market reaction is what makes the pips moving. And seem so far market reaction is not "news straightforward" at all. End of 2013 the FED started to taper the bond purchases and yet euro and pound went ...
Jon Hilsenrath's 555 Word FOMC "QE Is Dead, Long Live The Easy Policy" Summary
- michaelpelly commented Jul 10, 2014
Why is every retailer that comments here so obsessed to play victim of a system and manipulation, express ridiculously one-sided views of the markets and economy and claims that particular currency is "toilet paper". I feel a scent of backstabbing ...
No one loves the US dollar even the Fed signalling an end to QE didn’t help
- michaelpelly commented Jul 8, 2014
Cable short is worth trying with 1-2 weeks horizon - if there are no surprises from BoE this week.
EUR/USD: Double Top Target; Cable: Re-Entering Short - Citi
- michaelpelly commented Jul 6, 2014
Yet - the China's "inventive" power is quite overstated. I have the luxury to work with Chinese, Japanese and western engineers and scientist last 10 years - from my experience - East and West are two Universes. And yes, Japan is still making a ...
China Seeks Great Power Status After Centuries of Sea Retreat
- michaelpelly commented Jul 5, 2014
I see a lot of comments on the current state - but let's not forget 2 little details. All innovations and science breakthroughs come from the western ingenuity - and not from 50 yrs, but since 12th century until now. China is and would be a ...
China Seeks Great Power Status After Centuries of Sea Retreat