- Search Metals Mine
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michaelpelly commented May 15, 2014Well, it's not about conspiracy at all - I also laugh at people that see aliens everywhere. It is about competence and professionalism. My opinion is that it requires 10 times more skill to assemble the piston bolt of an engine than to pick a ...
Goldman Sachs: This bull market has longer to run
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michaelpelly commented May 14, 2014GS are always amazing :-). I notoriously remember their predictions of gold going up to 2000$ in Jan-2013. The price was around 1700$ and since then is going up and up :-). What always amazes me is the massive delusion amongst smaller traders that ...
Goldman Sachs: This bull market has longer to run
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michaelpelly commented May 6, 2014Once one identify his reasons to trade at all - the account size is only a variable.
Can You Trade Forex Well with a Small Balance?
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michaelpelly commented May 2, 2014Bad? PMI over 50 is never "bad" - the spike was probably a bit HFT - nothing more.
Markit/CIPS UK Construction PMI
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michaelpelly commented May 1, 2014Simple - risk is ON - risky currencies, stocks and equities will go North. Gold is panic-protection inflation-safe instrument - not needed at this point.
EUR/USD: Topping, Patience Key; USD/JPY: Downside Risk -BofA Merrill
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michaelpelly commented May 1, 2014You guys seem to never realize that FEDs are deliberately suppressing the dollar since 2002. Yet dreamers of "insanely" strong dollar never seize to dream.
EUR/USD: Topping, Patience Key; USD/JPY: Downside Risk -BofA Merrill
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michaelpelly commented Apr 29, 2014Well, they would not dive as together as precise as dolphins, but I'm expecting a drag in the cable's rise if EUR/USD goes south. And it's still unclear if there would be QE - what could be the magnitude and what could be the impact on the pair. ...
Cable gets some M&A support from Pfizer bid for Astrazeneca
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michaelpelly commented Apr 29, 2014I doubt this was the exact reason for the spike. Cable is definitely stable and we should see massive "red" data from UK, or more QE from BoE, or massive hike from FED to dive it under 1.6 this year. Another possible trigger - ECB QE so Euro could ...
Cable gets some M&A support from Pfizer bid for Astrazeneca
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michaelpelly commented Apr 29, 2014I guess they don't care of retail traders SLs :-)
Cable gets some M&A support from Pfizer bid for Astrazeneca
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michaelpelly commented Apr 28, 2014Why don't you look chart data for last 10 yrs - just see where cable was between 1.8 and 1.9 for more than 18 months...what means "too expensive" - for who?!
Cable gets some M&A support from Pfizer bid for Astrazeneca
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michaelpelly commented Apr 27, 2014I'm waiting for that sweet point to buy physical longterm.
Peter Schiff: Reckless Fed may push gold to $5,000
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michaelpelly commented Apr 26, 2014One particular scenario is making most of the losses I think. You enter a trade with a X position size. Then price moves a bit in favor - you're happy. Then it started to move the other way around in the "red" zone - you become scared and close the ...
Why Traders Lose Money
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michaelpelly commented Apr 26, 2014Well, I also have a lot of opinion grinding with SB - but on that occasion I would say - you should listen to him 100%.
Why Traders Lose Money
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michaelpelly commented Apr 26, 2014Wise. If you had ever to buy this memory byte sequence at all - it should be when it was $5 a piece - before all the fools jump in and bloat it to $1100. Classical balloon - the game of "the bigger" fool whom one need to sell at higher price. The ...
Bitcoin Developer And Filmmaker Has A Theory For Why Mt. Gox Failed
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michaelpelly commented Apr 22, 2014Killer trading setup?! Hm, that would be to have like a 5mil your own capital and wisely trade it longterm on FX, gold, stocks and real estate. Sitting like operator of nuclear plant before 16 monitors collecting breadcrumbs and see no sunlight is ...
28 Killer Home Trading Desks From All Around The World
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michaelpelly commented Apr 22, 2014Absolutely! My Samsung Note 2 mobile phone is useful enough to avoid starring at 20 LCDs. When you open and close a spot roughly once a month - it is better to actually have a life.
28 Killer Home Trading Desks From All Around The World
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michaelpelly commented Apr 20, 2014You're quite right - I really got a bit off - but my point toward politeness is still valid.
High-Frequency Fight Starts in Foreign Exchange
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michaelpelly commented Apr 20, 2014That "issue" - when people think everybody is trying to screw them up is always somehow related with the trader's background, mental setup towards trading and the playing "victim" role. The ultimate desire for "fairness" is the same as the natural ...
High-Frequency Fight Starts in Foreign Exchange