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michaelpelly commented Jul 4, 2013It's a Canadian thing - just trust it! :-)
What is 'forward guidance'?
- michaelpelly commented Jul 4, 2013
It may eventually goes to 120, but seems pretty unlikely to happen next 3 months unless FED really tapers in September (highly unlikely too).
4 Reasons To Stay Core Short JPY Targeting 120 - Credit Suisse
- michaelpelly commented Jul 3, 2013
Bloomberg tries to hint us the dollar will continue to rally? :-)
Fed Ready for September Taper After Shocking Market, Meyer Says
- michaelpelly replied Jul 3, 2013
So far I'm trading the cable only. Trying to keep the strategy as simple and price oriented as possible. Basically place order at 100 pips behind the price direction - if it kicks - monitor it closely and quickly secure it with zero profit SL (if ...
Trading systems are pretty over-rated
- michaelpelly commented Jul 3, 2013
Ask Commerzbank - they advocated shorting :-)
Euro lurches higher again, breaks 1.30
- michaelpelly commented Jul 3, 2013
Market play :-). I remember last October and November (2012) - there was series of bad data for UK and GBP/USD was punching up an up: 1.62 - 1.63 and refusing to go down - right until January. Big fishes might be hunting now - market will move were ...
ADP: US private sector employment increased by 188,000 jobs in June
- michaelpelly replied Jul 3, 2013
Delta, hedgefunds deal with big money - if you have $50 000 000 as investor - would you prefer to tremble day and night how they got invested or you will compound them year after year with 4 - 4.5%. At some point he absolute amount matters. Or can ...
Trading systems are pretty over-rated
- michaelpelly replied Jul 3, 2013
Good, so we have some common understanding. Big point is - results are evident without any techies or sweet spot entries. Sometimes I cut profits short - if I see some doubts - nothing wrong to get profit than waste entire rally, right?
Trading systems are pretty over-rated
- michaelpelly replied Jul 3, 2013
Between 50 and 75 pips - usually the order S/L is up to 15% of my planned exit profit in pips. Only once I failed 5 times (order kicked and price slipped back) before I "catch the swing" and had like 10 weeks "no-profit" - just wasted Forex time to ...
Trading systems are pretty over-rated
- michaelpelly commented Jul 3, 2013
Well, spread - favorite does not imply "The ONE!"
Why Human Nature Works Against You as a Trader
- michaelpelly commented Jul 3, 2013
Well, the "Big German" seems to guess that NFP will not be as optimistic as FED's expectations :-).
USD/JPY seeing accelerated losses
- michaelpelly replied Jul 3, 2013
Whatever ... peace! For me - 10% is a good profit - even for an year. Everything more than interest while parking money in the bank is better...
Trading systems are pretty over-rated
- michaelpelly replied Jul 3, 2013
I doubt it is possible to make 10% compounding in a month for like 12 consecutive months. If you try to convince me it is possible - simple calculation shows that for 5 years you are trading you should have made a $1 000 000 if you started with $5k. ...
Trading systems are pretty over-rated
- michaelpelly replied Jul 3, 2013
Indeed, stacking-up works nicely in week horizons. I do not even bother to look candles less than 4h.
Trading systems are pretty over-rated
- michaelpelly replied Jul 3, 2013
Particularly agreed - maybe I was not quite clear, I mean overemphasizing on indicators and tech analysis.
Trading systems are pretty over-rated
- michaelpelly commented Jul 3, 2013
Well, all I see is that the "sports" trade the cable not EUR. Cable is my favourite - less choppy and nice weekly movements.
Why Human Nature Works Against You as a Trader
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Trading systems are pretty over-rated
Started Jul 2, 2013|Trading Discussion|32 replies
Hi folks, it is my opinion that trading systems are something pretty overrated and sometimes ...
- michaelpelly commented Jul 2, 2013
Nice job - fix the present, screw the future - the favorite political song of all populists.
Abe reforms take aim at Japan's $1 trillion pension fund
- michaelpelly commented Jul 1, 2013
I believe some trigger this week will bring the cable back in game - probably the NFP.
GBP/USD: Trading the UK Construction PMI