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michaelpelly commented Sep 18, 2013Tapering is now the magic word - as was the Fiscal cliff back in December 2012.
Trading the ’Taper’
- michaelpelly commented Sep 17, 2013
That is the point - Fed doesn't want the dollar to be expensive when tapering process started. The current setup is just fine - time to sell the fact :-).
Treasury International Capital Data for July
- michaelpelly commented Sep 16, 2013
Because inflation is what makes money for the banks.
Japanese Ask, What’s Wrong With a Little Deflation?
- michaelpelly replied Sep 16, 2013
Most appreciated, jsf! I agree that one should aim high, and that "a lot of money" is a perception different for different people. My part in this discussion was simply to play devil's advocate so we can cover all the angles. I have respect for ...
Rags to Riches in 10 or 20 Trades - Simplicity at its finest
- michaelpelly replied Sep 16, 2013
Read carefully, fella... "If for example I make thousands of dollars per week - 50$ is my daily ride for gas on my S-klasse (for example)". It was illusory example to illustrate a point - not to mention my wealth (note the 2 occurrences of the ...
Rags to Riches in 10 or 20 Trades - Simplicity at its finest
- michaelpelly replied Sep 16, 2013
As you wish, though my posts are 99.99% targeted at the system presented here. I just take different point of view, the one that you do not hear only because you know it is valid, but ruines "the dream". I'm not posing, just raising questions in ...
Rags to Riches in 10 or 20 Trades - Simplicity at its finest
- michaelpelly replied Sep 16, 2013
But...as always skeptical I'm (professional defect, sorry) - I can't understand how a guy that makes so much money need to wait "...'till October..." (I've seen this somewhere above in the posts...) to open account with 50 bucks?! If for example I ...
Rags to Riches in 10 or 20 Trades - Simplicity at its finest
- michaelpelly replied Sep 16, 2013
OK, guys. It is was nice discussion - all we need now someone to say next 2-3 months "Hey, I got $50k!" and send us post-card from his Hawaii holiday!
(skeptical smile though :-). I will periodically check the thread to see how the newborn ...Rags to Riches in 10 or 20 Trades - Simplicity at its finest
- michaelpelly replied Sep 16, 2013
Well excuse me - as I initially said - seems that a lot of money making guys in this thread making fun!
Rags to Riches in 10 or 20 Trades - Simplicity at its finest
- michaelpelly replied Sep 16, 2013
Funky approach to the money making, but I accept different opinions. Here is my view again. Once one makes $5-10k of money by some high-risk strategy - these money are his/her own - not "market's money". At some point one's have these money in his ...
Rags to Riches in 10 or 20 Trades - Simplicity at its finest
- michaelpelly replied Sep 16, 2013
Again I'm telling you - never seen a man that makes money (real money, I know a few) that do it by "playing" something. A person that makes good money from trading does not waste time to experiment such approaches - seem to me this is the "Harbor of ...
Rags to Riches in 10 or 20 Trades - Simplicity at its finest
- michaelpelly replied Sep 16, 2013
It will be very interesting to me to see a live person that made like $100k with this strategy and then see how some unexpected little spike (1:500 leverage remember) wipes $50k in 1.5sec when he was checking e-mail on the PC. And to continue the ...
Rags to Riches in 10 or 20 Trades - Simplicity at its finest
- michaelpelly replied Sep 16, 2013
Well, excuse my approach then. I just can't use the word "play" when comes to money - you either make or loose money. Playing for me is associated with motorbike riding, poker, play with my kid, etc... To make money you need focus, playing is not ...
Rags to Riches in 10 or 20 Trades - Simplicity at its finest
- michaelpelly replied Sep 16, 2013
Hey! And when you get there! Do not forget those motivating "sayers" - send them a nice 15yrs bottle of Irish stuff...
Rags to Riches in 10 or 20 Trades - Simplicity at its finest
- michaelpelly commented Sep 16, 2013
So you obviously guess that cable raising channel on the day charts will continue forever? It would be very good if market operated that way, but sadly - it is not - I remember lot of champs were hard-shortish at cable 2 months ago at 1.5000 - ...
EUR/USD Forecast September 16-20
- michaelpelly replied Sep 16, 2013
I don't even think it can be done. I do not even try it, have no desire to aim for Jupiter when money are everywhere around
. I was curious - and checked the Top 20 of the traders in the live accounts - the ones that have top % return for 2013. ...Rags to Riches in 10 or 20 Trades - Simplicity at its finest
- michaelpelly replied Sep 16, 2013
I've seen 2-3 trading accounts posted here for >=5% a week (consistently, every week) for over 3-4 yrs. From the thousands and thousands of registered traders the chance one achieve that is worse than figure-out a business to do the money target. ...
Rags to Riches in 10 or 20 Trades - Simplicity at its finest
- michaelpelly replied Sep 16, 2013
OK, lets compare the results in 2 weeks from now - I'll ping you on that.
Rags to Riches in 10 or 20 Trades - Simplicity at its finest
- michaelpelly replied Sep 15, 2013
The problem with that approach is the amount. One just don't take $50 seriously. As a result he/she will do doubt trades, keeping in mind that these are not so much money. It is inevitable. With some luck it might get to $1000, but the million ...
Rags to Riches in 10 or 20 Trades - Simplicity at its finest