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michaelpelly commented Jul 25, 2013Hahaha, if I get one dollar for every such article where with pretty certainty the authors declare the trend direction and then suddenly in couple days boom - strong opposite motion, I would be a rich man! :-)
GBP/USD - Breakdown, Pullback, Bearish Confirmation
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michaelpelly commented Jul 23, 2013Oh no - the "tapering" witch-craft again...:-)
Bernanke Seen Tapering QE to $65 Billion in September in Survey
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michaelpelly replied Jul 22, 2013Usually in my office - doing some engineering work - can't just sit and watch the quotes crawling every second - and is bad for trading decisions.
Place(s) you go during Your Trading Session
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michaelpelly replied Jul 21, 2013Depends. Basically I do not trade and do something in the meantime, but the opposite - I usually trade in the daily charts. So pretty much I work on my day business and sneak an eye to the trades on my mobile.
How to pass the time while trading?
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michaelpelly commented Jul 18, 2013Got it - no tapering in September :-)! Oh no - I knew this even 2 weeks ago :-).
Fed's Bernanke: Too Early to Say Will Begin QE Tapering in Sept
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michaelpelly commented Jul 18, 2013Well, my mind can't accept the fact that most people believe that something can go up forever - that we can consume more and more without this to be on expense of something. And what is economy growth defined - if growth is that we live in smaller ...
Economists forecast the end of growth
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michaelpelly commented Jul 18, 2013Wow, turn off the computer for a while and get out to breathe some fresh air , man :-).
Economists forecast the end of growth
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michaelpelly commented Jul 17, 2013I agree, wlarimer. I just can't find too many people that actually do living on day trade. For me it was never such option - I started to look for FX as profit amplifier for a small company I'm developing. For my understanding making 25-30% gain for ...
Record number of asset managers bank on strong dollar
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michaelpelly commented Jul 17, 2013OK, supposedly the game is rigged. But all explanations really cover day-trading and some fast movements. How can they "rig-up" 20 week movement of the EUR/USD from 1.22 to 1.32?! They can't (pretty sure about that) - so the entities (or people) ...
Record number of asset managers bank on strong dollar
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michaelpelly commented Jul 17, 2013One useless advise from me - just stay out of the markets today - especially cable, it is not worth to loose 100+ pips in seconds. You can get wonderful opportunities after big moves - price is settling very nice (cable) at 4h time-frame - no need ...
UK jobless claimant count falls in June at fastest rate in three years
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michaelpelly commented Jul 17, 2013Well, my guess is that BB speech will be something like "a little bit of this, a little bit of that and we will see how the economy is going". I wouldn't put a trade on that speech anyway :-).
UK jobless claimant count falls in June at fastest rate in three years
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michaelpelly commented Jul 17, 2013Well, no surprise though - cable is pretty suppressed last 3-4 weeks due to FED "tapering" rhetoric - seems now this rhetoric is pretty questionable and BoE actually changed nothing these days. Market now speculate for unremarkable dovish tone in BB ...
Minutes of the Bank of England Monetary Policy Committe Meeting
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michaelpelly commented Jul 17, 2013Well it took me couple long working trips in USA during last decade to realize all that. I used to got many American friends. Every time I get back to my country they ask me "why you don't come here", I ask the inevitable the question "Why?!" :-).
The Fed Is The Problem, Not The Solution: The Complete Walk-Through
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michaelpelly commented Jul 17, 2013Well said Mingary, once one overcomes the random nature of the market (excluding fractals and chaos :-)), one will realize that indicators are pretty useless in the grand scheme of things. A have a friend that still "exploring" the market and its ...
Actively Managing Your Live Trading With Ichimoku
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michaelpelly commented Jul 17, 2013Well, no need for conspiracy theory to know that - it is obvious that the central bank that prints more and more money without any "hard"-coverage (despite future debt) is the problem! :-) We all know that, American people know that, but it is ...
The Fed Is The Problem, Not The Solution: The Complete Walk-Through
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michaelpelly commented Jul 17, 2013Obviously these days the magic word is "Ichimoku" :-).
Actively Managing Your Live Trading With Ichimoku
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michaelpelly commented Jul 17, 2013Maybe "they" are from another planet...who knows! :-)
Record number of asset managers bank on strong dollar
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michaelpelly commented Jul 16, 2013Because cars in EU are f...... expensive :-). And putting 20+ percent of VAT makes things even worse.
Why the US and European Auto Sectors Continue to Diverge
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michaelpelly commented Jul 16, 2013Meaning - they had to say something :-). Yet I'm pretty skeptical we would see cable under 1.48 this year - not that I wouldn't love to hop on some nice long at 1.43 ;-).
BOE’s Fisher says Fed QE exit will mean spillovers on UK