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Simit Patel Simit Patel is online now

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Badges Showcase - 15 Badges - 320 Points
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IQ Score Boost: +10
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Issue time: 09-12-2010 08:58 PM
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Issue time: 05-05-2010 06:57 PM
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Issue time: 09-15-2009 03:45 PM
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IQ Score Bonus: + 50
Issue time: 09-15-2009 02:23 PM
Issue reason: For creating the courses on economic crises.

About Me

  • About Simit Patel
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  • Last Activity: Today 08:49 PM
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Nuru International
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Nuru International
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Gift purchased at 04-23-2011 03:39 PM

Kiva Bank Fund
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Post Thanks / Like

10-24-2014
01:14 PM - clicked Thanks for this post: Steven Primo by Simit Patel
10-20-2014
02:27 PM - clicked Thanks for this post: multi-timeframe analysis on multiple tick charts by Simit Patel
10-16-2014
11:28 PM - wolverine clicked Thanks for this post: Looking for a good broker for buying US stocks from outside the US by Simit Patel
10-14-2014
01:23 PM - Power Broker clicked Thanks for this post: Has Oil Bottomed? by Simit Patel
10-12-2014
04:39 PM - clicked Thanks for this post: What the Bubble in Treasury Bonds Means for Traders by Simit Patel
10-11-2014
01:42 AM - StockJock clicked Thanks for this post: Bitcoin Ticker and How to Buy It by Simit Patel
10-09-2014
05:14 PM - Power Broker clicked Thanks for this post: JCP @ $6 on the daily chart by Simit Patel
10-08-2014
08:10 AM - StockJock clicked Thanks for this post: Bitcoin Ticker and How to Buy It by Simit Patel
10-06-2014
09:53 PM - Simit Patel clicked Thanks for this post: Quote Stuffing by Tekmnd
10-01-2014
07:16 AM - Simit Patel clicked Thanks for this post: Quote Stuffing by TheRagsToRichesStory
09-28-2014
12:28 PM - Simit Patel clicked Thanks for this post: Indicator - " Keep On Trading (KOT.lua) " by wolverine
09-23-2014
08:16 PM - clicked Thanks for this post: Breakout Trading Section Added to InformedTrades University by Simit Patel
08:10 PM - clicked Thanks for this post: [video] Forex Strategy Video: EURUSD and S&P 500 Destined for Breakouts? (Forex News by DailyFX) by Simit Patel
09-22-2014
08:13 PM - clicked Thanks for this post: How to Use Oscillators to Trade Breakouts With the Trend by Simit Patel
07:28 PM - clicked Thanks for this post: An Example of a Trading a Breakout by Simit Patel
09-21-2014
02:38 PM - clicked Thanks for this post: Silver / Gold by Simit Patel
09-16-2014
07:45 AM - N Cole clicked Thanks for this post: Live Trading Accounts by Simit Patel
07:09 AM - Simit Patel clicked Thanks for this post: Wyckoff Educational Webinars by StockJock
09-13-2014
01:39 PM - clicked Thanks for this post: PLUG. What are your thoughts? $6, $7? or less? by Simit Patel
09-06-2014
09:44 PM - Shantala clicked Thanks for this post: Support & Resistance-draw lines on wicks or sticks?? by Simit Patel

Blog

Latest Blog Entry

Posted Yesterday at 06:06 AM by Simit Patel Comments 0
Posted in Uncategorized
The moving averages have converged, we have a candlestick pattern that resembles an inside bar -- meaning that price is consolidating -- and price has pulled back to a support level. All of this offers a nice entry point, and the recent long wick serves as a potential bullish checkmate and thus a reference point for where the stop should be placed. I've placed my stop just below the recent long wick, and am targeting the recent high.

...

Posted 10-22-2014 at 05:46 AM by Simit Patel Comments 0
Posted in Uncategorized
Many yen pairs formed long wicks last week, and they've followed through with sharp rallies. As such, I've been eyeing potential entry points on these pairs. USDJPY gave me a setup I'm most comfortable with, in that I'm long at 106.13 with my stop at 104.93 and my target profit is at 109.73. I'm risking 120 to gain 480, which gives me a reward/risk of exactly 4.0.


Posted 10-20-2014 at 07:43 AM by Simit Patel Comments 0
Posted in Uncategorized
The New Zealand dollar has been showing signs of topping in the near-term against a number of pairs. The technical setup I like the most was on GBPNZD, though I missed that one; I didn't get the pullback I was looking for, so the order never got filled. AUDNZD, though, is also showing a very nice setup. The October 15 candle with the long wick could constitute a bullish checkmate, and so my stop loss is just below that level. My target profit is at the recent highs near 1.1281. A 61.8%+ Fibonacci...

Posted 10-16-2014 at 08:11 AM by Simit Patel Comments 0
Posted in Uncategorized
In addition to signs of NZD weakness on other pairs, we're seeing this very nice technical setup on GBPNZD: the pair is in an uptrend, but has pulled back to a support level that coincides with a 61.8% Fibonacci retracement level from the recent swing low to swing high. Today's strong bullish candle suggests bulls may be defending this level. As such, I'm set to go long at 2.0032, with my stop at 1.0098 and my target profit at 2.1002 -- a very nice reward/risk of over 6.92.

...

Posted 10-14-2014 at 07:54 AM by Simit Patel Comments 0
Posted in Uncategorized
EURCAD has been in a clear downtrend, but has pulled back over the past week or so. We're starting to see signs of CAD strength return across the board, though, and EURCAD has a setup I thought was particularly favorable. I'm short at 4273, with my stop at 4333, and my target profit at 4003. This gives me a reward/risk greater than 4:1, which always piques my interest.

Recent Comments
Hello Simit,
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Posted 10-09-2014 at 10:10 AM by wolverine wolverine is online now
Yea me too -i have a...
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Hello Mr Patel, I exited...
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hi dylane,
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