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michaelpelly commented Aug 27, 2013Well, I agree that there are big fishes that really move the price, but isn't it similar in every endeavor in life - for example if you want to create new automobile make, new software company, new hair color or new movie company - everywhere there ...
3 Numbers to Watch: German Ifo, US Case-Shiller & CB sentiment
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michaelpelly commented Aug 27, 2013Indrek, this sounds like some of my friends when properties were jumping up here around 2007/2008 and they couldn't afford to buy nice luxury flats - "Prices are rigged!", "This is not the REAL price!". Now in 2013 prices are really down but these ...
3 Numbers to Watch: German Ifo, US Case-Shiller & CB sentiment
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michaelpelly commented Aug 27, 2013Wow, conspiracy and manipulation theories are raging at full strength :-). E/U is very largely traded pair - it is normal to hold/stall and then move pretty fast in either direction. No "manipulation" or "conspiracy" :-).
3 Numbers to Watch: German Ifo, US Case-Shiller & CB sentiment
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michaelpelly commented Aug 26, 2013Why retailers always think of "doom and gloom" for almost any currency in the world. Haven't you thought of it? I see comments everywhere how EUR is screwed, how USD will not survive, etc. Haven't all these people read some economic history that ...
Yen edges higher as Syria jitters hit risk sentiment
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michaelpelly commented Aug 26, 2013Still not so proficient in the financial markets. I have a lot to explore yet, but time is always short and I would like to get a good feeling of a financial instrument in order to use it.
Orders for U.S. Durable Goods Fell More Than Forecast in July
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michaelpelly commented Aug 26, 2013I'm not trading futures, Spreadbetter.
Orders for U.S. Durable Goods Fell More Than Forecast in July
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michaelpelly commented Aug 26, 2013I do not go day trading - these are 4-8 week horizon trades with S/L at 1.5750.
Orders for U.S. Durable Goods Fell More Than Forecast in July
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michaelpelly commented Aug 26, 2013I realize it very well my friend - I have two cable shorts respectively at 1.5680 and 1.5620 ;-). Will keep them at least until 1.5100 support is challenged.
Orders for U.S. Durable Goods Fell More Than Forecast in July
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michaelpelly commented Aug 26, 2013A good indication of market sentiment was last week's "bad" US data, and today's durables under performance - dollar selling spiked for 2-3 hrs, and then everything came back where it was in the Europe's morning session. Participants still weights ...
Orders for U.S. Durable Goods Fell More Than Forecast in July
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michaelpelly commented Aug 26, 2013"Derivatives are financial weapons of mass destruction." Warren Buffett
US economy glued to middle path of growth
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michaelpelly commented Aug 25, 2013Nice timing! :-) Every time E/U closes 1.35 - they bring the "temper" news - rate cuts, drama in Greece, PIIGS, Spain banks, etc. etc. Relatively right sign that E/U is topping these days.
Demetriades Says Cannot ‘Rule Out’ Another ECB Interest Rate Cut
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michaelpelly commented Aug 23, 2013Hah, new word emerges "SEPTAPERING" :-).
New U.S. home sales drop to 394,000 rate in July
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michaelpelly commented Aug 23, 2013Not my money for sure, guest :-).
ECB's Nowotny: Good economic news removes need for rate cut
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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 replied Aug 22, 2013Well, seems that we have a lot of multimillionaires in this thread! Respect! :-)
Looking for a 3-10pips system
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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