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michaelpelly commented Jan 14, 2014Can't really figure out the "keyness" of the 1.6450 level. After reaching the 1.66 level cable is dropping and making lower and lower tops on any retrace.
GBP/USD – Drops Below Key Level of 1.6450
- michaelpelly commented Jan 13, 2014
Exactly similar to last January!? :-)
Monday Blues: Market Still Deciding
- michaelpelly commented Jan 13, 2014
A little bit a wishful thinking... If cable punches 1.6200 this or next week - forget about USD goind down...
Monday Blues: Market Still Deciding
- michaelpelly commented Jan 6, 2014
Yeah right. And I have an experimental linear-magnetic aircraft engine that I'm developing as hobby in my basement lab. How exactly this correlates with the declining gold prices for more than year!?
China is No. 1 risk for world economy: Soros
- michaelpelly commented Jan 6, 2014
I'm hearing that "buy gold, China buys it a lot..." since gold was $1760 (2012). They are still buying I see...
China is No. 1 risk for world economy: Soros
- michaelpelly commented Jan 4, 2014
Well :-). Too many words :-). But you're quite right though - the level of risk will inevitably decline with the growing account size (usually with non-linear coefficient - product of complicated and obscure analysis function :-)).
Building Your Trading Capital: 5 Pieces of Advice
- michaelpelly commented Jan 3, 2014
Pretty much the same picture with the cable. But bearish bias still eludes.
EURUSD triggers next lot of stops down to 1.3703
- michaelpelly commented Jan 2, 2014
Well that largely depends who's the boss is, right?
Building Your Trading Capital: 5 Pieces of Advice
- michaelpelly commented Jan 2, 2014
The article nevertheless tells inspiring stories. But seeing the comments - the old true remains valid - 95% of the people are stuck in the "employee" context and apply tunnel vision to the world around.
15 Billionaires Who Were Once Dirt Poor
- michaelpelly commented Jan 1, 2014
No one can win arguing with SB. Not even LG! I'm out! :-))).
French Constitutional Court Approves 75% Tax On High Earners
- michaelpelly commented Jan 1, 2014
Let me tell you something, dear opponent. If those colossal sums you talk about were collected - your taxes would not get lower even a notch. Only the huge sweet government contracts and bail-outs landed to close-to-political corporations will get ...
French Constitutional Court Approves 75% Tax On High Earners
- michaelpelly commented Jan 1, 2014
It is that simple yes. As it is that simple that once one start to make money (excluding "wanna be" shouting and preaching) -he/she discovers that tax rate above 10-15% is absurd and of course get on the dark way to try to avoid it - using legal ...
French Constitutional Court Approves 75% Tax On High Earners
- michaelpelly commented Dec 31, 2013
Beware - we might want to start asking for 1 EUR per smile - in accordance to the tone in this article :-).
French Constitutional Court Approves 75% Tax On High Earners
- michaelpelly commented Dec 31, 2013
Bad political move anyway. The whole sounding of the 75% tax will have a bad influence over the investment climate in France. Eventually poor and middle class will take the hit of that decision. The problem is that exactly the poor and middle class ...
French Constitutional Court Approves 75% Tax On High Earners
- michaelpelly commented Dec 28, 2013
Only 2 major manufacturing areas are still strong in France - automobiles and aeronautics. If these start to wobble - au revoir francais :-).
France's 'Culture Tax' Could Hit YouTube and Facebook
- michaelpelly commented Dec 28, 2013
More likely France will be a failed economy soon and German manufacturers and exporters will take the markets from their former French rivals...
France's 'Culture Tax' Could Hit YouTube and Facebook
- michaelpelly commented Dec 26, 2013
Just relax :-). Top will eventually come. And then will come the selling, and then will come bottom :-). And then again there will be millions of small investors buying and "holding for long periods" the falling stocks. Like every time before. And ...
Is there no top to this market?
- michaelpelly commented Dec 26, 2013
Funny how 2-3 indicators like house prices bubble, manufacturing orders and sporadic CPI "greens" can lead to such media crap :-). Still printing pounds like crazy - 375Bn per year, still wages doesn't even notch upwards, still middle class is ...
Britain’s Ascendancy & Europe’s Decline
- michaelpelly commented Dec 26, 2013
What is somewhat confusing that GBP is pushing higher, EUR/USD is sitting like whale on sands and USD/JPY is getting higher. So - obviously not an obvious USD weakness. Hard to believe cable will move significantly higher than 1.65 if E/U doesn't go ...
GBPUSD: Bullish With Eyes On The 1.6483 Level
- michaelpelly commented Dec 22, 2013
I still believe there is pretty good chance for dollar bullish run in Q1 abd Q2 2014. But rarely trade on opinion - even mine :-). Heavy hedging and long term positioning of cable shorts above 1.62 and cable longs bellow 1.55. Jogging with several ...
A Must-See Chart On Why Big USD Gains Are Still Ahead - Deutsche Bank