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michaelpelly commented Aug 14, 2013Well, I do not trade E/U, but until mid-September (tapering speculation eventually materializes) there is a plenty of room for E/U to break 1.34 and reach 1.37xx again - so don't count on "FED will taper, relax" :-).
US Producer Price Indexes - July 2013
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michaelpelly commented Aug 14, 2013Good morning, Japan! Cable was for buy when jumped back from 1.48 and then punched 1.50 - two nice fat and loaded longs at these points. TP target - 1.58 - total from 2 positions: 1700+ pips. No need to wait for Jakura to tell me market advices.
The Post-Carney Reality: Time To Buy GBP - Nomura
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michaelpelly commented Aug 14, 2013Possibly, but who knows - maybe next week, maybe next 2 days. I bought dip at 1.5430 - will wait and see what's next. I do not have definite answer at this point.
UK Labour Market Statistics, August 2013
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michaelpelly commented Aug 14, 2013Astonishingly, every time market goes against the herds - comments turn into "hahaha, BS, crazy market, manipulated data, market wants retailers money". It is loss, just loss.
Germany, France pull euro zone out of recession
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michaelpelly commented Aug 14, 2013Weekly charts, no indicators at all. My horizon is 16 - 20 weeks for 800-900 pips trends on the cable.
UK Labour Market Statistics, August 2013
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michaelpelly commented Aug 14, 2013Knee-jerk reactions are normal with high-impact news. So far not confirmed bearish week trend - more like buy dips opportunities.
Minutes of the Bank of England Monetary Policy Committee Meeting
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michaelpelly commented Aug 14, 20131.56xx today is not very likely, best chance is holding above 1.5500 if US data is not brilliant.
UK Labour Market Statistics, August 2013
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michaelpelly commented Aug 13, 2013No offense :-). --- Unisonic - "Never change me"! (Kiske & Kai)


The Next 48 Hours Are Important for EUR/USD
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michaelpelly commented Aug 13, 2013If news from UK are not quite positive it might dip bellow 1.5400 for a while.
3 Numbers To Watch: UK CPI, German ZEW, US retail sales
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michaelpelly commented Aug 13, 2013That old b'tch Europa never gives up, ah! :-)
Europe Growing Again Means Boost for Global Economy
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michaelpelly commented Aug 13, 2013I was referring to such example as a point, not emphasizing that exactly my "tree" is the smartest in the Universe. Basically I see 2 kind of opinions here (and other FX forums though) - the "Go, go, go E/U (or whatever)" when 1 on a million times ...
The Next 48 Hours Are Important for EUR/USD
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michaelpelly commented Aug 13, 2013I really adore these chart posts, where a thousand lines are connected to everywhere and a "prediction" is made "exactly" when and where the price will go. I have a simple theory - if those methods really worked - nobody will be fool enough to post ...
The Next 48 Hours Are Important for EUR/USD
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michaelpelly commented Aug 11, 2013That 120 yen per dollar was chewed many times, but let's remember that yen started to devaluate from 79. So going to 120 and stay there is not couple months task. In my opinion USD/JPY range will settle between 91 - 100 at least until real QE ...
Speculators Reverse Euro Shorts, Reduce Yen Shorts
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michaelpelly replied Aug 9, 2013Good point. I use only 10% of my wealth deposited in trading account. So my trades are with 10% from the trading and 1% from the wealth account. Spikes occurs, technical faults - can't risk my entire money on that.
How far will I go with 11 trades, each 30 AUD?
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michaelpelly commented Aug 9, 2013Everything could happen in "the months ahead", but here and now - many many people felt in the bearish trap for the last 3 weeks :-).
Where Is The Correction In EUR/USD? - ANZ
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michaelpelly commented Aug 9, 2013I really wonder how much money printing the developed countries could sustain :-).
Japan’s Debt Exceeds 1 Quadrillion Yen as Abe Mulls Tax Rise
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michaelpelly commented Aug 9, 2013Went to dinner over the bears pockets :-).
Where Is The Correction In EUR/USD? - ANZ
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michaelpelly commented Aug 8, 2013I just checked the longs/shorts ratios in various sites. People violently continue to short the currencies against the USD from 2 and half weeks - and loose hard, even now shorts are dominating. Can't imagine to trade this way.
EUR/USD Easing Toward the 1.3415 pivot with Bullish Breakout
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michaelpelly commented Aug 8, 2013Why traders always seek general explanation?! The AUD price is going up because of more buyers than sellers - it is that simple. And everyone of them have a million reasons.
China July Exports Rise 5.1% y/y; Est 2% Rise
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michaelpelly commented Aug 8, 2013Seems like the new mantra for everyone.
The Definitive Guide to Trading Trends with Ichimoku Cloud