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michaelpelly commented Jul 9, 2013Well, the problem is that people basically hate other people who look smarter than themselves and it takes a lot of efforts to "sell" them innovative ideas. It is a common problem - how to "pack" the product :-)
How Ichimoku Can Put The Trading Odds In Your Favor
- michaelpelly commented Jul 9, 2013
LG, I'm positively mocking you not because of the invalidity of your scientific approach, but because you often try to play "get out of my cloud, dummies" by overstating these terms:-).
How Ichimoku Can Put The Trading Odds In Your Favor
- michaelpelly commented Jul 9, 2013
Ok, I will be aware to avoid getting some chaotic fractals in my a..! :-)
How Ichimoku Can Put The Trading Odds In Your Favor
- michaelpelly commented Jul 9, 2013
Impressive, LG - but I personally prefer simple and effective strategies - like buy cheap sell expensive, etc. I have experience that these work best for me. I also have feeling that traders who over-emphasize on ...
How Ichimoku Can Put The Trading Odds In Your Favor
- michaelpelly commented Jul 9, 2013
Yeah, but sometimes it is not as you say - so - next question - when to use Ichimoku to raise odds in my favor and when not?! Same iterative question for every technical system or indicator. As I always propose - just follow basic market rules to ...
How Ichimoku Can Put The Trading Odds In Your Favor
- michaelpelly commented Jul 9, 2013
Well, it is obvious that after such brutal selling of euros and pounds - the sharks need to throw new "incentive" to the masses to buy some of these back - after all - how would they make profits :-). Now the same masses that are vigorously shorting ...
Why Underemployment May Be Worse Than It Looks
- michaelpelly commented Jul 8, 2013
Here is my constructive experience - since I started to "dangle" with FX 3yrs ago it was planned as a way to figure-out a relatively safe way to "make money with money" in a clean and efficient way by targeting annual return of 15-25% (way more than ...
EUR/USD – Planning to fade a relief rally
- michaelpelly commented Jul 8, 2013
Partially agree. But I think it will re-trace to 1.52xx or 1.53xx before we might see serious action bellow 1.48xx.
GBP/USD: February’s 2010 lows in sight
- michaelpelly commented Jul 8, 2013
Up at least a little - last 2 weeks were a little massacre. Then - either sell rally again or trend reversal on the weekly time-frame - you have to watch it.
Draghi says higher rates aren’t warranted currently
- michaelpelly commented Jul 8, 2013
Well, they are trying to say something but are aware that markets are nervous - so one bite at a time :-).
Draghi says higher rates aren’t warranted currently
- michaelpelly commented Jul 8, 2013
Well, depends how much his account reflects his "real" trading money. It could be little confusing by the trade explorer data. For example I deposit only 10% of my "trade money" stash and trade them with percent factor x10. I would never place too ...
EUR/USD – Planning to fade a relief rally
- michaelpelly commented Jul 5, 2013
I already placed bet on the cable: 1.4880.
Why higher U.S. yields should cheer investors
- michaelpelly commented Jul 5, 2013
Well - I was pointing out the same thing - tapering is not just related to employment numbers. Two weeks ago they "tested" the market reactions by hinting that tapering might occur and the market went crazy, so crazy that no less than 5 FED members ...
Why higher U.S. yields should cheer investors
- michaelpelly commented Jul 5, 2013
Next Wed Bernanke will speak - there will be some clarification what is priced in and what to come.
Economists React: Good Enough for the Fed to Pull Back
- michaelpelly commented Jul 5, 2013
Well, what do you say - now the magic word is "tapering" :-). Hope not too many people are building on the wrong side of the fence...
EUR/USD Bottom Pickers at this Level? It’s Inevitable
- michaelpelly commented Jul 5, 2013
Well - market is always right, right? :-). But I would not dare to buy more dollars :-).
Economists React: Good Enough for the Fed to Pull Back
- michaelpelly commented Jul 5, 2013
Heh, one good report and everyone is "tapering" already :-). Most people even do not recall why 5 FED members tried to get markets to calm down when Ben hinted the tapering - bonds spike and the USD strength (neither good for US economy now). Until ...
Economists React: Good Enough for the Fed to Pull Back
- michaelpelly replied Jul 5, 2013
Well, I prefer to work with a single market - like GBP/USD. I'm trying to avoid "hesitating" strategy - put orders in both directions - easy to catch the "against the tide" mode, not pretty... So far I figured-out that patience and prudence are the ...
Trading systems are pretty over-rated
- michaelpelly commented Jul 5, 2013
Well - by looking other pairs - yesterday was just pure pound sold-out - not some extreme dollar strength.
Bank of England maintains Asset Purchase Programme at £375 billion
- michaelpelly commented Jul 5, 2013
I do not understand why you are chewing the ForexKong guy so hard?! Actually - his strategy makes sense - I'm using very similar approach - wait a lot for a price to get really smacked down or up and then start to build small orders on every ...
Bank of England maintains Asset Purchase Programme at £375 billion