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michaelpelly commented Jul 15, 2013Next "shouter" for "long USD!!!" :-)
On Tapering, Positioning, Flows & Open Tactical FX Trades - Nomura
- michaelpelly commented Jul 15, 2013
Well, I pretty much remember that since 2002 the dollar has been suppressed (on contrary to late 90s). Occasionally there is some dollar strength "spike" for 2-3 months and then - depreciation again. Starting to think that it is pretty much desired ...
Retail Sales in U.S. Increased Less Than Forecast in June
- michaelpelly commented Jul 15, 2013
You two still crossing swords?
Retail Sales in U.S. Increased Less Than Forecast in June
- michaelpelly commented Jul 15, 2013
I just love the swift change in tone of the rhetoric - from "FED will taper in September or sooner!" to "Well, tapering have to be done...maybe long term, maybe despite choppy data..." :-). Useless articles...
Retail Sales in U.S. Increased Less Than Forecast in June
- michaelpelly commented Jul 15, 2013
Heh, last week the rhetoric was "FED will definitely tapper in September or sooner", today - "FED should not quit tapering, despite data shows pretty choppy recovery". I really adore the "macro-economists" and "analysts" :-).
Tapering Vs. Forward Guidance: Impact On EUR/USD, & GBP/USD - Citi
- michaelpelly commented Jul 14, 2013
Relax kids! :-) Forex Kong, China data is affecting primarily Aud/JPY. For E/U - major movement drivers are Mr "Italian artista" Draghi and his USA counterpart BB. Seems everyone here tries to prove how professional and successful trader he is ...
EURUSD Technical Analysis Week Of July 15th Euro Dollar
- michaelpelly commented Jul 14, 2013
It might not get exactly to 1.5030. I would seek anything between 1.5000 - 1.5060.
GBPUSD Technical Update Week Of 15th July Cable Update
- michaelpelly commented Jul 14, 2013
Maybe ranging - but my stance this week will be bullish - will try to get nice dip to buy.
GBPUSD Technical Update Week Of 15th July Cable Update
- michaelpelly commented Jul 14, 2013
What about some common market sense with a basic rule - buy cheap and sell expensive (hugely valid with stock trading). In other words - how can I make good profit by buying already overpriced stocks that in better scenario will crawl a little more ...
Investing: Contrarians rarely succeed
- michaelpelly commented Jul 14, 2013
Well, it might be the bottom, it might not - it never hurts to wait a bit :-). But in my humble opinion - 1.27 is still too expensive to buy for long-term profits. If it gets aground 1.24 - maybe will start to look arround :-). My dream - do FX in ...
EURUSD Technical Analysis Week Of July 15th Euro Dollar
- michaelpelly commented Jul 14, 2013
Spreadbetter, well, let's think about for a while. If the so-buzzed tapering from FED actually kicks in, or in 2 months this rethoric really kicks in again - don't you think it will be way better to get nice long somewhere about 1.20 - 1.22 and ride ...
EURUSD Technical Analysis Week Of July 15th Euro Dollar
- michaelpelly commented Jul 13, 2013
Well, can't agree more with Petar. I find EUR/USD attractive only for 3-6month trades - like get it when it is really low - like 1.24xx - 1.25xx and wait it to reach above 1.33xx. Otherwise - too much noise, a lot of spikes. I explain this with the ...
EURUSD Technical Analysis Week Of July 15th Euro Dollar
- michaelpelly commented Jul 12, 2013
Doubt it will even reach 0.85 without major re-trace to almost 1.00
Australian dollar less than 90 U.S. cents for first time since September 2010
- michaelpelly replied Jul 12, 2013
You can do it in 1yr, but you need to start think "bigger" than monthly profits. For example - try to figure out how to do Forex with $250k for 20-25% year gain. Then try to figure-out how to obtain these $250k and use them wisely. I would ...
How Long Does It Take to make $5000/Mo consistent profit?
- michaelpelly commented Jul 12, 2013
Well, nobody really forces rich investors to place money in those funds. Once you give your money away to be managed by other people - nothing is guaranteed. I can't understand why people "whine" every time they loose money on their investments. I ...
From Hot to Not: The 4 Stages Of A Hedge Fund
- michaelpelly commented Jul 11, 2013
So far it seems they are happy with range 93-103 yens per dollar. Maybe over 110 is a little overwhelming for BoJ.
BOJs Kuroda: Japans economy is starting to recover moderately
- michaelpelly commented Jul 11, 2013
Better don't. My worst trades in past happened after "break-outs" or high-impact news. And my best trades happened 3-4 days or week later on calm and fairly predictable market. Example - before yesterday's FOMC/Bernanke news I managed to catch total ...
How to Trade Forex after a Major News Release
- michaelpelly commented Jul 10, 2013
I see price is hesitating on G/U - my speculation is if FOMC/Bernanke hint some dovish tone - the E/U and G/U will retrace recent falls - at least 150/200 pips from current levels.
EURO Whipped Dollar: How Much More?
- michaelpelly commented Jul 10, 2013
Well, GU is normally around 1.6xxxx levels - at the moment is pretty deprecated.
Moody's: UK's banking system outlook changed to stable from negative