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michaelpelly commented Aug 23, 2013Can't see anything resilient though, it felt 150+ pips off the top this week and so far 4h shows bearish bias, but what do I know :-).
EUR/USD Remains Resilient after the FOMC Shake
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michaelpelly commented Aug 22, 2013Thank you, Fan! ;-)
EUR/USD Remains Resilient after the FOMC Shake
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michaelpelly commented Aug 22, 2013Agenda should be to dig a big Hole and put there all CEOs of corrupted financial institutions that play with the world's wealth :-). I think this is a lovely idea!
What's on the Agenda for Jackson Hole?
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michaelpelly commented Aug 22, 2013I would love to buy EUR bellow 1.26xx, come on Grece! Do your best! :-)
ECB's Nowotny: Good economic news removes need for rate cut
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michaelpelly commented Aug 22, 2013Well, USD going through the roof is a little bit of fairy tale. It was going there since 2002 and still not over the house :-). What could happen next months is USD to strain or stretch a little the swing ranges of the majors but I doubt for more...
ECB's Nowotny: Good economic news removes need for rate cut
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michaelpelly commented Aug 22, 2013Perfect timing - EZ doesn't feel comfortable with E/U over 1.35xx :-). Bring it on!!! Show some style! :-)
New Greek rescue promises euro drama, not crisis
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michaelpelly commented Aug 22, 2013Poor man, can't even place 2 slices of bread on the table...
India’s Richest Man Loses $5.6 Billion as Rupee Stumbles
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michaelpelly commented Aug 22, 2013I usually trade one long-term (3-6 months) on weekly charts and one or two trades medium-term on daily charts (can't resist the market temptation :-)). Lower timeframes proove too stressing for me :-). Good luck!
Dollar Recovery Extended
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michaelpelly commented Aug 22, 2013If it breaks 1.55 tomorrow - maybe we got the right ride :-).
Dollar Recovery Extended
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michaelpelly commented Aug 22, 2013Sounds good - it is not what you "sell" it is how you package it! :-)
Jobless Claims in U.S. Fell to Five-Year Low Over Past Month
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michaelpelly commented Aug 22, 2013spekitox, the "Sweet" band so much reminds me of E.L.O. - great bands! :-). You have a taste for good music! :-). P.S. I really like to play the chords and the harmony solo of "Games People Play" (A.L.P.) on my Ibanez :-).
Dollar Recovery Extended
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michaelpelly commented Aug 22, 2013I follow a little different approach on risk management - can't exactly state the % of my risk, because my trading accounts are not equal to the wealth I have (or the liquidity I have at some point). Basically for medium horizon trades like this I ...
Dollar Recovery Extended
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michaelpelly commented Aug 22, 2013Good luck, if it slides under 1.5450 I will apply the second trade - target is right above 1.51xx.
Dollar Recovery Extended
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michaelpelly commented Aug 22, 2013spekitox, dude - just do not apply without reason :-), my short can burn - it is pure speculation, but seems as possible scenario - I risk $1000 in this trade for 1:7 profit ratio (get around 700 pips with totally 2 trades on the way down). We will ...
Dollar Recovery Extended
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michaelpelly commented Aug 22, 2013Anyway, I placed a 4-6 weeks horizon short on cable at 1.5625 (SL at 1.5725) - we will see where the wind will blows :-).
Dollar Recovery Extended
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michaelpelly commented Aug 22, 2013I think cable might have reached the reversal point by hitting just above 1.57xx. If the tapering rhetoric really kicks in next 4 weeks - it could be a selling rally right to the 1.5000/1.5100 support - where the direction will follow depending on ...
Dollar Recovery Extended
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michaelpelly commented Aug 20, 2013Well, I do not consider 1.48 as "pullback" but a trend reversal :-). If it gets there - great - a good long-term buying opportunity.
GBP/USD – Finds Comfort from New Support Level of 1.56
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michaelpelly commented Aug 20, 2013Just told my wife that I need to earn more!!! :-)
People Who Have Sex At Least 4 Times A Week Earn More Money
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michaelpelly commented Aug 20, 2013A little hesitant though, if cable doesn't punch 1.57 this week, most likely a little pullback to 1.55xx zone.
GBP/USD – Finds Comfort from New Support Level of 1.56
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michaelpelly commented Aug 18, 2013My respect to The Guardian, but let's distinguish regular home owners, from the subprimer derivates customers that bought second and third house by paying interest-only with the speculative intent to sell it on higher price (flipping houses). Such ...
Home ownership: how the property dream turned into a nightmare