- Search Metals Mine
-
michaelpelly commented Mar 7, 2013Well - for those who trade E/U, U/J and G/U it have some meaning...
Dollar Undergoing Major Change In Behavior, And Almost No One Noticed
-
michaelpelly commented Mar 6, 2013Don't wanna disappoint you but last 8 weeks sterling is doing exactly the same - hits a support, jumps back 120-150 pips and then is sold-out again Thursday or Friday. So - take caution.
GBP/USD – Trying Desperately to Climb Off the Canvas at 1.50
-
michaelpelly commented Mar 4, 2013So far - no significant signals that trend is reversing...
UK Construction PMI hits lowest level since October 2009
-
michaelpelly commented Mar 4, 2013Check it against aussie - in the morning pound skyrocketed over bad data from the land of OZ - but I think price was rejected and now is going back (I risked a trade "on the notch" with minimal S/L and got lucky so far).
UK Construction PMI hits lowest level since October 2009
-
michaelpelly replied Feb 28, 2013Better than drugs, better than alcohol, better than sex! I love it! :-) As a very potent band from the past would say "I want my Mtv" :-)
After entering this world of Forex are you able to get out of it?
-
michaelpelly commented Feb 28, 2013This is going against the tide - when you make one bad trade - just stay away for 2 days - the situation will change - trades are like buses - another will come.
GBP/USD – Consolidation and Breakout Scenarios
-
michaelpelly commented Feb 28, 2013Simple - buy order at 1.5225 and sell order at 1.5070 ;-). Whatever happens - win/win! :-)
GBP/USD – Consolidation and Breakout Scenarios
-
michaelpelly commented Feb 27, 2013Well - put it simply - gold is a inflation-safe money storage - generally - when sentiment is towards risk assets and raising trends - gold money gets unloaded and price drops. On the contrary - when things screw-up - money flow to gold for safety ...
Merkel Advisor Feld: "Euro Crisis Will Return Shortly And With A Vengeance"
-
michaelpelly commented Feb 27, 2013Mine too - since 2 months :-), I hope we are both right :-).
Merkel Advisor Feld: "Euro Crisis Will Return Shortly And With A Vengeance"
-
michaelpelly replied Feb 27, 2013Well - depends. Personally - If the absolute income for these 7% is bellow $25000 (approx. $360 000 capital required) - I prefer to invest my time in developing small businesses, direct consultant work and startups that gain more than that per year. ...
Can you honestly earn a good living or even get rich through forex?
-
michaelpelly replied Feb 27, 2013That is a bold philosophy - wait until your positions come to profit - whatever it takes. But this should be combined with low-risk ratio to the capital - I know several people went to margin call over weekend with deep losses on trades which never ...
Can you honestly earn a good living or even get rich through forex?
-
michaelpelly commented Feb 27, 2013Agreed. 1550 - 1560 is a good point.
Merkel Advisor Feld: "Euro Crisis Will Return Shortly And With A Vengeance"
-
michaelpelly commented Feb 27, 2013Well - if anybody remembers just 2 weeks ago Hollande was screaming for low rates - seems that ECB does not need to intervene...
Merkel Advisor Feld: "Euro Crisis Will Return Shortly And With A Vengeance"
-
michaelpelly commented Feb 27, 2013GS were screaming that gold will thunder up to 1800 until end of January-2013.
End of the Great Yen Trade Is Near
-
michaelpelly commented Feb 26, 2013A hint - Goldman Sachs is screaming periodically last 3 months that gold will skyrocket to 1800. :-).
Hedge Funds Have Never Been More Bullish Stocks (And Bearish Gold)
-
michaelpelly commented Feb 26, 2013Well - stop loss times :-). Gold will be tricky this week. If you remember the big fats made the exactly same sentiment back in January when gold licked 1615. They were so convincing that gold jumped to 1700. It did not worked for long - last week ...
Hedge Funds Have Never Been More Bullish Stocks (And Bearish Gold)
-
michaelpelly commented Feb 26, 2013It is a good suggestion :-). They linked the pound with economic data - which was bad since 4.months and still pound was rallying until January. Same with the gold and Bernanke. Same with EUR and Italy. When the big players want to tilt the market - ...
Investor fear on the rise
-
michaelpelly commented Feb 26, 2013I do not know what will happen - decision is yours - but I can assure you - better stay away when Bernanke speaks - I've seen gold spikes up to 1000-2000 pips in seconds. Same happens when there are "red" news from USA in 15:30 - gold goes crazy - ...
Gold’s death cross is no reason to feel grim
-
michaelpelly replied Feb 26, 2013Agree with Big_A. Technical indicators and systems induce the possibility to predict future events with past data - impossible. It is every time an educated guess and proper risk management. Profits must be driven by risk assessment not by target ...
Can you honestly earn a good living or even get rich through forex?
-
michaelpelly commented Feb 26, 2013Really doubt it will be this year - maybe next...
Gold’s death cross is no reason to feel grim