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InformedTrades Founder
Simit Patel
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Last Activity: Today 07:05 AM
My Badges
| Badges Showcase - 15 Badges - 320 Points | ||
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Name: Reviewer Awarded to community members who have shared authentic reviews of products/services they have tried. Pre-requisite: Local Badge IQ Score Bonus: + 15 |
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Name: Trading Plan - Level I This badge is awarded to members who take the first step of sharing a high quality trading plan with us. (See our trading plan archive for ideas on creating a trading plan). IQ Score Bonus: + 20 |
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Name: 100 Thanks Received This badge is awarded to any member who has received at least 100 "Thanks" due to participation in our community discussion forums. IQ Score Bonus: + 15 |
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Name: Gold Club The Badge awarded to Gold Club members. IQ Score Boost: +10 |
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Name: 2,000 Post Club This badge is awarded to members who have 2,000 or more posts in the forum section of our community. IQ Score Bonus: + 15 |
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Name: Live Trader A badge to members who meet either of the following criteria: 1. Have opened up a Live Learning Account, and have placed at least one trade 2. Are an ITCM Trader who have deposited at least $100 in their own fund. IQ Score Bonus: + 30 |
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Name: Prop Trader - Level One The ITCM Level One Trader Badge is the introductory badge for those looking to trade a live fund and raise capital from the InformedTrades community. Click here to learn how to acquire the ITCM Level One Trader Badge. Level I Traders are entitled to trade up to 5% of the central bank assets, whose collective value determines the value of InformedPoints. Updates to InformedPoints are provided regularly via our Weekly Updates. IQ Score Bonus: + 15 |
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Name: 3X Course Contributor These individuals have made sizable contributions to at least three different courses here on InformedTrades. IQ Score Bonus: + 30 |
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Name: Local This badge is awarded to any member with a minimum of 50 combined blog and forum posts whose behavior is believed to be authentic. It is meant to signify a regular, familiar member of our community -- a local! This badge comes with a prize of 10 InformedPoints. IQ Score Bonus: + 5 |
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Name: Central Banker This badge denotes individuals who are responsible for managing the value of our community currency, InformedPoints. Central Bankers also have full control over all aspects of the InformedTrades community. The central banker rules the world! Currently, this badge is only available to InformedTrades founders. IQ Score Bonus: + 15 |
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Name: Video Contributor Awarded to InformedTrades members who publish a video on a video sharing site that helps traders learn and mentions InformedTrades (visual mention required). Or, for a video made by a member with at least three months membership that is acknowledged by another IT member with a contributor badge as being an outstanding video. IQ Score Bonus: +10 |
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Name: Global Moderator This badge is awarded to any individual with global moderator privileges. These individuals can moderate all aspects of InformedTrades. A pre-requisite for this badge is having a badge from the Contributor section of badges. IQ Score Bonus: + 30 |
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Name: InformedTrades Heroes This badge is awarded to members who have repeatedly gone above and beyond the call of duty in their service to the mission statement. To be eligible for this badge, members must have at least 1,000 posts, and must have repeatedly shared their knowledge and helped traders learn. IQ Score Bonus: + 30 |
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Name: Lesson Contributor This award is given to any member who makes a contribution that is added to InformedTrades University. Useful links, as well as well-written articles and videos, are prime examples of contributions that can earn a member this badge. IQ Score Bonus: + 10 |
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Name: Course Contributor Awarded to any member who contributes an entire course, published originally on InformedTrades.com, to our community. Members who have this badge implicitly have the Lesson badge as well, and are awarded accordingly. IQ Score Bonus: + 50 |
Visitor Messages
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Thank you. I hope this will be fruitful and prosperous journey.
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Gift Shop
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Post Thanks / Like
| 06-18-2013 |
| 06:03 PM - 3Pete clicked Thanks for this post: Top Dog Trading: A Guide to Learning Through Top Dog Trading by Simit Patel |
| 06-17-2013 |
| 09:28 PM - 3Pete clicked Thanks for this post: Understanding Stock Market Cycles by Simit Patel |
| 09:06 PM - 3Pete clicked Thanks for this post: Where Stop Running Happens, And How to Use It to Your Advantage by Simit Patel |
| 08:52 PM - 3Pete clicked Thanks for this post: How to Identify the Best Times to Enter a Position by Simit Patel |
| 08:30 PM - 3Pete clicked Thanks for this post: How to Trade a Breakout by Simit Patel |
| 06-14-2013 |
| 06:56 AM - Simit Patel clicked Thanks for this post: Traders Said to Rig Currency Rates to Profit Off Clients by Tekmnd |
| 06:40 AM - Simit Patel clicked Thanks for this post: I want to do a 3 unit trade strategy and not risk more than 2 percent per trade -- What Should I Trade and Why? by Luke Myers |
| 06-12-2013 |
| 02:00 PM - x3mtrading clicked Thanks for this post: Segragated Accounts by Simit Patel |
| 06-11-2013 |
| 04:09 AM - x3mtrading clicked Thanks for this post: Shirley Hudson's (Forexmentor) London Close Trading Strategy Review and Trade Log by Simit Patel |
| 06-07-2013 |
| 08:48 PM - Delroy clicked Thanks for this post: After a shooting star signal, if there is another shooting star appearing even higher position than the previous one, is that bullish? by Simit Patel |
| 06-06-2013 |
| 07:51 AM - Simit Patel clicked Thanks for this post: Questions from a Newbie to Trading by NoJobRob |
| 07:50 AM - Simit Patel clicked Thanks for this post: Questions from a Newbie to Trading by Luke Myers |
| 01:13 AM - sourcecodefx clicked Thanks for this post: Share performances and ideas by Simit Patel |
| 06-05-2013 |
| 10:34 PM - Alfonso clicked Thanks for this post: Uranium is a Great Bargain, At Lows Relative to Gold Even After Gold's Sell-Off by Simit Patel |
| 06-04-2013 |
| 06:31 PM - Simit Patel clicked Thanks for this post: My Journey to Where in Forex? by Irish Dotmaster |
| 10:29 AM - Delroy clicked Thanks for this post: What is the difference between a doji & a spinning top? by Simit Patel |
| 05-31-2013 |
| 05:18 PM - NoJobRob clicked Thanks for this post: Is the US Treasury Bond Market Turning? by Simit Patel |
| 05-30-2013 |
| 08:14 AM - clicked Thanks for this post: NoBrainerTrades.com (Steve W) Speaks to InformedTrades About His Trading by Simit Patel |
| 12:58 AM - clicked Thanks for this post: A Video on Pyramiding Using ATR by Simit Patel |
| 05-29-2013 |
| 04:50 PM - NoJobRob clicked Thanks for this post: NoBrainerTrades.com (Steve W) Speaks to InformedTrades About His Trading by Simit Patel |
Blog
View Simit Patel's BlogRecent Entries
Latest Blog Entry
Posted in Uncategorized
Some of the losing trades I've had recently have been from shorting GBP -- which in hindsight I see were clearly mistakes I should have avoided. Now, though, I think we are starting to see some signs of GBP reversing and heading back south.
Below is GBPCAD, which shows resistance being respected.
We've seen a series of strong bearish candles on GBPAUD as well.
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Below is GBPCAD, which shows resistance being respected.
We've seen a series of strong bearish candles on GBPAUD as well.
Posted in Uncategorized
We have some confluence there -- see the chart below. I'm interested to see how price action shapes up at that level; I may be interested in putting on some short trades if there are some strong signs of reversal candlesticks at that confluence level. One counter-argument, though, is the upward trendline still intact, and that price is still above the 50 simple moving average (Steven Primo's buy/sell indicator). If we see a reversal at 1.0290, though, I think that may strengthen the case for 1.0405...
Posted in Uncategorized
A pattern of lower lows and lower highs seems to be emerging. Accordingly, I entered short at 1.0336, with my stop 100 pips higher at 1.0436, and my target profit 300 pips away at 1.0036.
Posted in Uncategorized
May was not a good month for me, unfortunately. I ended it down 2.58%, bringing my year to date performance to +3.59%.
I placed 27 trades in the month. 19 were losers, 5 breakevens, and 3 wins.
In spite...
I placed 27 trades in the month. 19 were losers, 5 breakevens, and 3 wins.
In spite...
Posted in Uncategorized
I believe the yen pairs have fallen to a support level, and so I've gone long CADJPY and AUDJPY under the hypothesis that support will hold and the market will rally to resistance levels from here.
Below is a chart of CADJPY featuring my entry point, stop loss level, and target profit.
And here is the trade I placed on AUDJPY:
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Below is a chart of CADJPY featuring my entry point, stop loss level, and target profit.
And here is the trade I placed on AUDJPY:
Recent Comments
Simit can I jump in...
Thanks you for the analysis....
Time to draw some inspiration...
stopped out on both...
