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michaelpelly replied Aug 2, 2013I'm targeting 20-25% low-risk, almost safe and pretty much guaranteed gain per year. And that is the top of my expectations. And forget about leverage 400:1! Use no more than 50:1 ever! Even 20:1. Focus on acquiring and growing trading capital for ...
Realistic forex profits
- michaelpelly commented Aug 2, 2013
Retirement plan based on such volatile entity like stock exchange is in my opinion the craziest thing one could possibly do for its future.
The return of ‘Dow 36,000’
- michaelpelly commented Jul 30, 2013
I think if cable goes near 1.5100 before FOMC - it is very real the "buy rumor, sell fact" comes in play. Cable is already 170pips down from its peak this week. Somehow can't see it close bellow 1.5080 this week - but there is always small "wrong" ...
The Conference Board Consumer Confidence Index Falls Slightly
- michaelpelly commented Jul 30, 2013
Well tapering will strengthen the dollar. At least for 4-10 weeks. But it is doubtfully the dollar will become very expensive. The FED and the government try their best to keep the dollar low since 2002, and so far - they succeed. So even the ...
Wall Street pros believe a Fall taper is already priced into markets: CNBC survey
- michaelpelly commented Jul 30, 2013
Cable is pretty depressed since March. I'm longing for 1.6xxx also - just adding here and there on good dips.
The Whole World Is Getting Richer, and That's Good News
- michaelpelly commented Jul 30, 2013
It is also about natural resources, pollution, environment, noise, consumer habits, etc... Personally I would drive econo-mode electric vehicle when ranges improve a little bit. And would use more fast-trains for ground transportation. Self-induced ...
Driving in America May Have Peaked in 2004
- michaelpelly commented Jul 29, 2013
Cable will probably correct downwards - how far depends on FOMC and MPC statements this week. I will look for good buy opportunities.
USD: The Calm Before The Storm - Barclays
- michaelpelly commented Jul 28, 2013
" These "articles" are not written by real traders - they just parrot what the talking heads on the TV say and that's usually wrong anyway. We won't see dollar strength until/unless: 1. Markets "tank" and USD &/or JPY become the currencies of fear ...
The Dollar's Rally: Done, Dormant Or Just Dumbfounding? - JP Morgan
- michaelpelly replied Jul 28, 2013
In my opinion - full day-time trading as only job is really a bad idea and a time-ticking bomb to failure. The market sometimes is so naturally intoxicating that even experienced ones start to "believe" that they "got it right this time also" and ...
How to pass the time while trading?
- michaelpelly commented Jul 28, 2013
I relly do not think US unemployment will go stable to 6.5% next 2 yrs. Their statistics are pretty tricky to exclude the categories and numbers that reveal deep structural ecenomic issues. But sooner or later FED will taper - unlikely in September, ...
Fed's Lacker says exit from bond-buying should be quick
- michaelpelly commented Jul 28, 2013
Heh, that so called "rally" lasted two and a half weeks :-). Despite that many banks try to introduce the idea of "long lasting dollar bullish trend".
The Dollar's Rally: Done, Dormant Or Just Dumbfounding? - JP Morgan
- michaelpelly commented Jul 26, 2013
Aside from fractals and secret trading societies - cable punctured some stop losses at US session. Still seems that bullish action lacks momentum. Maybe a small correction next week - nice dips at 1.5150 - 1.5200? :-)
GBP/USD - Breakdown, Pullback, Bearish Confirmation
- michaelpelly commented Jul 26, 2013
Well, PA - I partially agree, that shorting EUR and cable was just nonsense last two weeks. But I think cable might get some correction downward next week - maybe get dips at 1.5150 - 1.5200.
EUR/USD Final Thrust Higher . GBP/USD A Sell?
- michaelpelly commented Jul 25, 2013
My humble, non-professional 50 cents. I think if cable closes this week right under 1.5400, next week will be "red candle" somewhere to 1.5200, maybe 1.5150 and the week after will be "green" again trying to roll over 1.5400.
GBP/USD - Breakdown, Pullback, Bearish Confirmation
- michaelpelly commented Jul 25, 2013
Dunno, but still can't convince myself of the "historic dollar bull run" that awaits next months. :-)
Dollar bulls on parade as ‘risk off’ moves take hold
- michaelpelly commented Jul 25, 2013
Fan, don't be so defensive, mano :-). You really have a point - and it is not going less valid if someone challenges that! Just pointing-out that the level of bearish certainty is a little bit hasty here. P.S. I'm a lazy trader, not even good, but I ...
GBP/USD - Breakdown, Pullback, Bearish Confirmation
- michaelpelly commented Jul 25, 2013
It is just a hundred bucks, spreddy :-). Where is yours sense of the market uncertainty guys? :-) He pretty much seems alright, but a little challenge never hurts :-)
GBP/USD - Breakdown, Pullback, Bearish Confirmation
- michaelpelly commented Jul 25, 2013
Seems the parade ended quite quickly - maybe some debt and yields rain got it? :-)
Dollar bulls on parade as ‘risk off’ moves take hold
- michaelpelly commented Jul 25, 2013
Fan - I have an idea - lets bet option between me and you for 100 dollars that cable will not even come under 1.5000 next 3 months? I will send you my bet if you win over PayPal - but you will do the same :-)?!
GBP/USD - Breakdown, Pullback, Bearish Confirmation
- michaelpelly commented Jul 25, 2013
I'm not against you, but your analysis - I pretty much deducted the same "picture" by myself. But the whole concept of the article should be simplified to: "The cable did not confirmed more bullish action this week, so either it will pause and ...
GBP/USD - Breakdown, Pullback, Bearish Confirmation