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michaelpelly commented Sep 3, 2013Cable is stubborn as a bunch of old English garrison soldiers in Africa :-)
GBP/USD - Another Downswing will form a Head and Shoulders
- michaelpelly commented Sep 2, 2013
Believe me - the "tapering" noise will come - later this week and next one :-).
UK manufacturers see strongest rise in orders in August since 1994 - PMI
- michaelpelly commented Sep 2, 2013
Today will be mostly flat probably. Expect the real "action" at week's end ;-).
UK Output and new orders rise at fastest rates since 1994
- michaelpelly commented Sep 2, 2013
That could happen only if NFP are extremely bad. If you monitor cable last and this week you will see that occasional spikes on good data and Carney optimism are sold next days. Despite good data market is aware of the tapering possibility (rumors ...
UK manufacturers see strongest rise in orders in August since 1994 - PMI
- michaelpelly replied Sep 2, 2013
I really think this approach can be executed with more success with swing trades - thus reducing the unnecessary rows of bad trades to a minimum and carefully select the next train. But people want everything "here and now" :-).
Rags to Riches in 10 or 20 Trades - Simplicity at its finest
- michaelpelly replied Sep 1, 2013
Here is the same example - accidentally get to 100k. And then bad luck/edge comes into play - 100k - 50k - 25k, etc.. down to 3-6k :-). The point always is - not only percentage, but absolute value matter s also.
Rags to Riches in 10 or 20 Trades - Simplicity at its finest
- michaelpelly replied Sep 1, 2013
Nice, right? :-). It takes patience though - the risk for each swing can be reduced to 10% - and when the trade goes in your favour (150 pips+) you set zero SL at entry point and just wait.
Rags to Riches in 10 or 20 Trades - Simplicity at its finest
- michaelpelly replied Aug 30, 2013
Razor, nothing more to say - completely agree.
Rags to Riches in 10 or 20 Trades - Simplicity at its finest
- michaelpelly commented Aug 30, 2013
Here is easier and simpler version - set to loose as much as you can let go without loosing any sleep or do something stupid with your accounts.
Identifying Your Trading Risk Through Intra-Trade Drawdowns
- michaelpelly replied Aug 30, 2013
In my opinion diversification is the mother of all evil :-). I prefer to focus on single pair, study it to the bone with trading experience and then leverage as much risk as deemed wise to achieve profits with this instrument. My motto is "Do not ...
Why Trade Multiple Pairs?
- michaelpelly replied Aug 29, 2013
In the thread's tone - throwing an idea (one of my strategies in separate account). 10 swing trades rougly 500 pips each (cable), each swing doubles the account, so in theory you can obtain 500 000 when starting with 500. I find this way less ...
Rags to Riches in 10 or 20 Trades - Simplicity at its finest
- michaelpelly commented Aug 29, 2013
Gentlemen, there is no way market participants to miss the opportunity to speculate hard on the septapering possibility. At least next 3 weeks the trend is pretty clear.
USDOLLAR Breakout Eyes Topside Targets- Time to Buy Dips
- michaelpelly commented Aug 29, 2013
I don't see reason for these articles other than misleading. It is Bigbang obvious that the market will buy the rumours next 2-3 weeks, right? Or you think major player will give you the advice "hey trader we are buyng now and we probably loose, so ...
Fed may Still have to Lower GDP Forecast
- michaelpelly commented Aug 29, 2013
Well, buy the rumour next 3 weeks and quick sell before FOMC meeting next month.
USDOLLAR Breakout Eyes Topside Targets- Time to Buy Dips
- michaelpelly commented Aug 29, 2013
This time I seem to agree with Fan :-).
EUR/USD Breaks Rising Channel Support
- michaelpelly commented Aug 29, 2013
Aha, you are shorting major pairs against dollar :-).
USDOLLAR Breakout Eyes Topside Targets- Time to Buy Dips
- michaelpelly commented Aug 29, 2013
Yep, you are In longs at major pairs against USD.
Fed may Still have to Lower GDP Forecast
- michaelpelly commented Aug 29, 2013
Me, I bought some 30yrs for $1 total...:-), dollar will be devalued 5 times next 30yrs so - good investment :-).
Who's the Biggest Buyer of Treasuries?
- michaelpelly commented Aug 29, 2013
That joke short I placed on E/U at 1.3395 (in moment of sheer madness) might actually work-out :-).
EU’s Rehn says EZ GDP data confirms beginning of gradual but still subdued recovery
- michaelpelly commented Aug 28, 2013
SpreadBetter, I was sarcastic concerning the trolling in previous posts - of course I do care to some extent - I'm not a selfish asshole.
Prepare for market panic: Jim Rogers