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michaelpelly replied Feb 6, 2019Long-term? For how long? And Bitcoin is great because a colourful table say so? This will soothe the tears of those who bought it for 19000$ and now is 3300$? Come on - let’s get real. I remember a colleague of mine who bought stocks for 15000$ back ...
What about Bitcoin... :)
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michaelpelly replied Feb 3, 2019Discussion is about natural gas. A very needed commodity with a lot of geopolitical factors that would require to keep the prices up. I guess if we go deep enough in stupid examples we can put as trading example - mmmmm, let’s say - the smell of my ...
Natural gas trading
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michaelpelly replied Feb 3, 2019It may drop, it may spike to 3.5 for a week. My catalyst is quite simple - it is called price speculation (the basics for all trading). A commodity has intrinsic value - it is mined, transported, etc... and when price is close to multi year lows, ...
Natural gas trading
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michaelpelly replied Feb 3, 2019Did you ever seen a commodity price to stay exactly at 2.5 for 6 months?! I’m not seeing such scenario for 8 years of trading. Worst case - it will oscillate between 1.5 and 2.5 for couple months - that is 40% price fluctuation. Even with 1:1 ...
Natural gas trading
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Natural gas trading
Started Feb 3, 2019|Interactive Trading|113 replies
Watch for good long entries on Natural Gas - especially if price breaks below 2.5
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michaelpelly replied Feb 3, 2019Very good, actually - all my longs between 44 and 54 came to profit. I switched to NGAS this week. Happy trading...
Sweet, sweet Oil
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michaelpelly replied Feb 3, 2019I see the comments on my thread are going wild
. Good
!What about Bitcoin... :)
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michaelpelly commented Jan 2, 2019I think this is where to mention the story that everyone was saying “big fish always wins - retailers always loose”.
David Einhorn Closes 2018 Down 34%, His Worst Year On Record
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michaelpelly replied Dec 18, 2018Heh, it’s actually quite OK. I cleared some longs using hedging to dampen the loss. Out of the profit for the last 4 weeks - only 30% loss of it. So quite on positive and ready to buy it cheaper. Game is simple and profitable.
Sweet, sweet Oil
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michaelpelly commented Dec 3, 2018Who are they!!
Those who are there to get your 1000$ account?
. Retail FX hardly puts more than 2% of FX turnover. Too much “they”
.UK PM May says I will still have a job in two weeks time
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michaelpelly replied Dec 3, 2018This thread is about oil
. Currencies in other thread
. Separate score! 
Sweet, sweet Oil
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michaelpelly replied Dec 2, 2018Oil gapped up. 1:0 score for me in price predictions for this week :-). Your turn
.Sweet, sweet Oil
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michaelpelly replied Dec 2, 2018We do same shit, no point to argue :-). I only disagree that one can point out the point of reversal based on some “analysis”. Point of reversal is usually quite a random affect of a sentimental build up for price direction change. But it is never ...
Sweet, sweet Oil
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michaelpelly replied Dec 2, 2018You know - in my experience and communication with traders I’ve noticed that such protracted BS articles and hours spent of justifying some guesswork is the main reason such traders consistently loose money. So consistently that end up putting ...
Sweet, sweet Oil
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michaelpelly replied Dec 2, 2018I have long positions in range 49-51 - I guess I’m :-)
Sweet, sweet Oil