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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
- michaelpelly commented Aug 22, 2013
I 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
- michaelpelly commented Aug 22, 2013
If it breaks 1.55 tomorrow - maybe we got the right ride :-).
Dollar Recovery Extended
- michaelpelly commented Aug 22, 2013
Sounds 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
- michaelpelly commented Aug 22, 2013
spekitox, 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
- michaelpelly commented Aug 22, 2013
I 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
- michaelpelly commented Aug 22, 2013
Good luck, if it slides under 1.5450 I will apply the second trade - target is right above 1.51xx.
Dollar Recovery Extended
- michaelpelly replied Aug 22, 2013
Funny, I see mentioning of 500% per month - wondering if anyone can make this happening he/she will multiply $1 000 to $3 125 000 in 5 consecutive months and pretty much drink expensive cocktails on the beach instead of dwelling in FF, but hey - I'm ...
Looking for a 3-10pips system
- michaelpelly commented Aug 22, 2013
spekitox, 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
- michaelpelly commented Aug 22, 2013
Anyway, 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
- michaelpelly commented Aug 22, 2013
I 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
- michaelpelly commented Aug 20, 2013
Well, 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
- michaelpelly commented Aug 20, 2013
Just told my wife that I need to earn more!!! :-)
People Who Have Sex At Least 4 Times A Week Earn More Money
- michaelpelly commented Aug 20, 2013
A 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
- michaelpelly commented Aug 18, 2013
My 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
- michaelpelly commented Aug 17, 2013
Well, I think 1.64xx lies too far in sight. In my opinion cable could touch 1.6000, but not sure it can break/keep there. Tapering talk is a little BS but market reaction is strong and I suspect the rhetoric will come in full speed at mid September, ...
Is Sterling’s 8-Cent ride near completion?
- michaelpelly commented Aug 17, 2013
Completion is a strong word, but correction might occur next week or two. Possible lows are 1.5350 - 1.5400. I would not emphasize too much on Carney's willingness to "bring down the pound" at any cost...he is a man know for surprises :-)
Is Sterling’s 8-Cent ride near completion?
- michaelpelly commented Aug 17, 2013
Well, so many others are too (swing traders that use really small percentage of their capital) - this doesn't give anybody right to act "head over heels" and mock/insult/troll at the forum participants. The man just shares his experience, he got ...
USD tumbles although no fundamental news being attributed to the moves
- michaelpelly commented Aug 17, 2013
Spreadbetter, not everyone here is 1k account trader and wants to get millionaire in one year. I'm happy with 25% per year. From 250k this consists a nice load of cash.
USD tumbles although no fundamental news being attributed to the moves
- michaelpelly commented Aug 17, 2013
Spreadbetter, sorry to say that but "someday you will get big loss" is a poorman advice as "take no risks, save your money, keep them in the bank". So what - he will get like 20-25% loss once in average 36 months, while he was pumpin almost 100% per ...
USD tumbles although no fundamental news being attributed to the moves