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michaelpelly commented Jul 4, 2014I might sound a bit bitter, but pretty mediocre analysis in this article - sound written more from a full time job salary trader (don't confuse with Soros :-) - a bit more an employee than a market speculator. FX is like a love - it's roots are ...
3 Things I Wish I Knew When I Started Trading Forex
- michaelpelly commented Jul 2, 2014
Stock rallies always go in the following pattern: there has been a crash and uncertainty, then once stocks start to grow there are 3-4 consecutive years of "extraordinary gains" - well advertised until all fools start to buy, then there is a small ...
3 reasons the Dow doesn’t deserve to be at 17,000
- michaelpelly commented Jun 29, 2014
It is quite possible - next 5 or 6 years...
EUR/USD Forecast Jun 30-Jul 4
- michaelpelly commented Jun 29, 2014
Hah, remember what Gibb said to Harry in "True Lies": "Ballsy, stupid but ballsy" :-). Good luck! (thumbs up).
EUR/USD Forecast Jun 30-Jul 4
- michaelpelly commented Jun 29, 2014
And how exactly do you "know" that? :-). Or put it in other terms how much (measured in money) is your opinion worth in terms of a short position you should place if you are that certain? :-)
EUR/USD Forecast Jun 30-Jul 4
- michaelpelly commented Jun 26, 2014
Asmadi, such unproven and end of spectrum opinions only cloud the judging when one is trading. Just saying...
Someone likes the pound as it busts through 1.7000/05 resistance
- michaelpelly commented Jun 26, 2014
I love to see all those comment "gogogogo euro", "just wait for US session", "market makers manipulate again!". Why just people do not trade instead of wasting energy on "who did what".
Someone likes the pound as it busts through 1.7000/05 resistance
- michaelpelly commented Jun 26, 2014
I like the pound! I admit it!
...Sorry if I stumbled couple of SL orders :-). Will buy several cases of beer to compensate :-)Someone likes the pound as it busts through 1.7000/05 resistance
- michaelpelly commented Jun 25, 2014
I already closed a short from 1.7040. 1.6950 seem to be just a temporary support - it would be better to buy a dip at 1.6880.
Bank of England Inflation Report Hearings
- michaelpelly commented Jun 24, 2014
Don't fool yourself to hard short the cable too much. Since July-2013 the cable is raising. Most of the pullbacks are no deeper than 150-180 pips and then it resumes the trend. I can't see it getting back into the last 5 yes ranges of 1.48 - 1.64 ...
Bank of England Inflation Report Hearings
- michaelpelly commented Jun 23, 2014
Cable would definitely have a pullback from 100-150 pips before resuming uptrend (if there is still uptrend). But euro strength seems quite limited last 3 weeks.
EUR/USD: Risk Of A Stronger Bounce; Cable: Risk Of A Setback - JP Morgan
- michaelpelly commented Jun 23, 2014
Mounting concerns about tightening would probably force the FED to increase the rates slowly and gradually over extended period.
Bond Market Has $900 Billion Mom-and-Pop Problem When Rates Rise
- michaelpelly commented Jun 16, 2014
SocGen were advocating for shorting euro couple weeks ago when it was 1.39xx - I guess they set a right call this time. The europhoria now seem to moved to cable with speculation of higher rates. I guess when next BoE meeting turns flat again - ...
EUR/USD, Cable: What The Charts Say? - SocGen
- michaelpelly commented Jun 14, 2014
Seems someone who vouched for him prefer GS tainting - meet the new boss, same as the old boss :-)
Carney Says BOE Could Raise Rates Sooner Than Markets Expect
- michaelpelly commented Jun 14, 2014
Obsession with technicals is a fast lane for one to start "seeing" trade opportunities that just aren't there...
The Rabbit Hole of Fibonacci
- michaelpelly commented Jun 14, 2014
I see at least one forum member is having similar view like mine - that the tech analysis is overrated and in 90% purely misleading.
The Rabbit Hole of Fibonacci
- michaelpelly commented Jun 14, 2014
Well - EU crisis is over as much as UK is in recovery (home prices make fresh highs and allow owner to get more loans to spent on the street shops). So - if you ask a regular working person in EU and/or UK I doubt they would say they have more work ...
The Eurozone crisis is not over - it could erupt at any time
- michaelpelly commented Jun 14, 2014
Such articles are a bit of proof that such pyramids only have profits when more and more small fishes pour their pension and savings money into stocks markets to inflate it. Those pyramids doesn't invest in real businesses. And now the small fishes ...
Quiet Markets Are Killing Four Huge Hedge Fund Names
- michaelpelly commented Jun 14, 2014
As I say on every occasion - I'm waiting my kid to grow a bit to teach her how to make 15-20% per year (every year) so she would never trust financial crooks - much like her father. Hedge funds are financial pyramids that only do well for their ...
Quiet Markets Are Killing Four Huge Hedge Fund Names