InformedTrades
Register as a Member
    Why join? See our testimonials.

Register Front Page See Today's Posts Site
Map
Free Trading
Courses
Shop

InformedTrades Founder

Simit Patel Simit Patel is online now

Senior Member

My Badges

Badges Showcase - 15 Badges - 320 Points
Icon Image Description
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
Issue time: 12-13-2012 06:51 PM
Issue reason:
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
Issue time: 06-02-2012 05:50 PM
Issue reason:
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
Issue time: 01-07-2012 07:45 PM
Issue reason:
Name: Gold Club
***This badge has been retired. It is no longer available.***


The Badge awarded to Gold Club members.

IQ Score Boost: +10
Issue time: 12-04-2011 12:00 AM
Issue reason:
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
Issue time: 12-03-2011 11:27 PM
Issue reason:
Name: Live Trader
***This badge is temporarily unavailable while the Funds initiative is re-shaped.***

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
Issue time: 10-17-2011 03:34 PM
Issue reason:
Name: Prop Trader - Level One
***This badge is temporarily unavailable while the Funds initiative is re-shaped.***

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.

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 Central Bank Updates.

IQ Score Bonus: + 15
Issue time: 10-01-2011 09:36 AM
Issue reason:
Name: 3X Course Contributor
These individuals have made sizable contributions to at least three different courses here on InformedTrades.

IQ Score Bonus: + 30
Issue time: 02-25-2011 11:28 AM
Issue reason:
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
Issue time: 09-12-2010 08:58 PM
Issue reason:
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
Issue time: 05-05-2010 06:57 PM
Issue reason:
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
Issue time: 03-12-2010 09:21 PM
Issue reason:
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
Issue time: 02-15-2010 10:19 AM
Issue reason:
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
Issue time: 11-04-2009 12:59 PM
Issue reason:
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
Issue time: 09-15-2009 03:45 PM
Issue reason:
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
Issue time: 09-15-2009 02:23 PM
Issue reason: For creating the courses on economic crises.

About Me

  • About Simit Patel
    Location
    informedtrades

Visitor Messages

Showing Visitor Messages 1 to 10 of 486
Register to see messages.

Statistics

Total Posts
Visitor Messages
Blog - Diary of a Central Banker
General Information
  • Last Activity: Today 11:44 AM
  • Join Date: 03-12-2008
  • Referrals: 28

Friends

Showing Friends 1 to 10 of 218,282

Gift Shop

18 Gifts
$10 USD IT Merch Gift Card
A $10 gift certificate to the InformedTrades Merchandise Store on Zazzle. The recipient will receive the gift certificate via email within 24 hours of your purchase.
Gift purchased at 05-14-2012 02:58 PM

Nuru International
Gift purchased at 08-21-2011 04:41 PM Donate to Nuru International, a charity dedicated to combating extreme poverty by helping the most impoverished areas build their own self-sustaining economies.


Gift purchased at 08-21-2011 04:41 PM

Nuru International
Gift purchased at 08-21-2011 04:41 PM Donate to Nuru International, a charity dedicated to combating extreme poverty by helping the most impoverished areas build their own self-sustaining economies.


Gift purchased at 08-21-2011 04:41 PM

Nuru International
Gift purchased at 08-14-2011 07:27 PM Donate to Nuru International, a charity dedicated to combating extreme poverty by helping the most impoverished areas build their own self-sustaining economies.


Gift purchased at 08-14-2011 07:27 PM

Nuru International
Gift purchased at 07-31-2011 02:18 PM Donate to Nuru International, a charity dedicated to combating extreme poverty by helping the most impoverished areas build their own self-sustaining economies.


Gift purchased at 07-31-2011 02:18 PM
$10 USD IT Merch Gift Card
A $10 gift certificate to the InformedTrades Merchandise Store on Zazzle. The recipient will receive the gift certificate via email within 24 hours of your purchase.
Gift purchased at 06-30-2011 03:57 PM
$25 USD Amazon Gift Card

A $25 gift card, accepted at Amazon.com or Amazon.co.uk. The recipient will receive the gift certificate via email within 24 hours of your purchase. See the InformedTrades Amazon Store for recommended products from our community members.

Gift purchased at 06-29-2011 11:45 AM

Nuru International
Gift purchased at 06-13-2011 01:21 AM Donate to Nuru International, a charity dedicated to combating extreme poverty by helping the most impoverished areas build their own self-sustaining economies.


Gift purchased at 06-13-2011 01:21 AM

Nuru International
Gift purchased at 06-13-2011 01:21 AM Donate to Nuru International, a charity dedicated to combating extreme poverty by helping the most impoverished areas build their own self-sustaining economies.


Gift purchased at 06-13-2011 01:21 AM

Nuru International
Gift purchased at 05-29-2011 04:44 PM Donate to Nuru International, a charity dedicated to combating extreme poverty by helping the most impoverished areas build their own self-sustaining economies.


Gift purchased at 05-29-2011 04:44 PM

Kiva Bank Fund
Gift purchased at 05-15-2011 02:36 PM Donate to the Kiva Bank Fund! This fund raises money for our Kiva charity, designed to build group banks in poorer economies.
Gift purchased at 05-15-2011 02:36 PM

Nuru International
Gift purchased at 05-08-2011 03:59 PM Donate to Nuru International, a charity dedicated to combating extreme poverty by helping the most impoverished areas build their own self-sustaining economies.


Gift purchased at 05-08-2011 03:59 PM

Nuru International
Gift purchased at 05-08-2011 03:59 PM Donate to Nuru International, a charity dedicated to combating extreme poverty by helping the most impoverished areas build their own self-sustaining economies.


Gift purchased at 05-08-2011 03:59 PM

Nuru International
Gift purchased at 04-28-2011 04:41 PM Donate to Nuru International, a charity dedicated to combating extreme poverty by helping the most impoverished areas build their own self-sustaining economies.


Gift purchased at 04-28-2011 04:41 PM

Nuru International
Gift purchased at 04-23-2011 03:39 PM Donate to Nuru International, a charity dedicated to combating extreme poverty by helping the most impoverished areas build their own self-sustaining economies.


Gift purchased at 04-23-2011 03:39 PM

Nuru International
Gift purchased at 04-23-2011 03:39 PM Donate to Nuru International, a charity dedicated to combating extreme poverty by helping the most impoverished areas build their own self-sustaining economies.


Gift purchased at 04-23-2011 03:39 PM

Kiva Bank Fund
Gift purchased at 04-23-2011 03:39 PM Donate to the Kiva Bank Fund! This fund raises money for our Kiva charity, designed to build group banks in poorer economies.
Gift purchased at 04-23-2011 03:39 PM

Nuru International
Gift purchased at 09-05-2010 10:43 PM Donate to Nuru International, a charity dedicated to combating extreme poverty by helping the most impoverished areas build their own self-sustaining economies.


Gift purchased at 09-05-2010 10:43 PM

Post Thanks / Like

07-26-2014
10:33 AM - Simit Patel clicked Thanks for this post: Sphereless by
07-24-2014
08:18 AM - Simit Patel clicked Thanks for this post: Placing Stops by Tekmnd
07-23-2014
09:34 AM - Shantala clicked Thanks for this post: Placing Stops by Simit Patel
06:49 AM - Simit Patel clicked Thanks for this post: Placing Stops by Tekmnd
07-21-2014
08:52 AM - Simit Patel clicked Thanks for this post: A very good trading system by pipwoof by wolverine
03:03 AM - Mr. Newman clicked Thanks for this post: Full auto bot by Simit Patel
07-20-2014
09:47 PM - marcussl55 clicked Thanks for this post: Relative strength index (RSI) trading by Simit Patel
06:36 AM - Simit Patel clicked Thanks for this post: A very good trading system by pipwoof by wolverine
07-17-2014
08:47 AM - tomcollins clicked Thanks for this post: What about SWISS bot? by Simit Patel
07-16-2014
07:39 AM - Simit Patel clicked Thanks for this post: Counting Pips by Tekmnd
07-15-2014
09:07 PM - N Cole clicked Thanks for this post: Counting Pips by Simit Patel
07-07-2014
10:40 AM - adura clicked Thanks for this post: Scalping Tips by Simit Patel
10:39 AM - adura clicked Thanks for this post: Scalping Tips by Simit Patel
07-05-2014
09:48 PM - Shantala clicked Thanks for this post: Specialist Trading (Steve Primo) Free Donchian Channel Strategy by Simit Patel
07:04 PM - Simit Patel clicked Thanks for this post: Mispronouncing his name by
06-28-2014
02:25 PM - N Cole clicked Thanks for this post: setting The Periods by Simit Patel
06-26-2014
11:25 AM - rebecca123 clicked Thanks for this post: nasdaq delisting doubts by Simit Patel
06-22-2014
07:49 PM - clicked Thanks for this post: The Five Basic Steps to Becoming a Successful Trader by Simit Patel
06-18-2014
10:54 AM - alio clicked Thanks for this post: Volume by Simit Patel
06-09-2014
05:59 PM - clicked Thanks for this post: Daily Forex Trade Review, June 5, 2014 by Simit Patel

Blog

Latest Blog Entry

Posted Today at 07:54 AM by Simit Patel Comments 1
Posted in Uncategorized
What's the only thing better than a doji? A DOUBLE DOJI! And that is exactly what we might be seeing today on NZDCHF. Traders may recall NZD plunged last week when the RBNZ raised rates on NZD. Now, after price plummeted to a major support level, we are seeing what looks like a double doji. I'll take this as a sign that the bears may be exhausted, and that the primary uptrend on the daily chart is ready to resume. I've entered at 7721, with my stop at 7691, and my target profit at 7871. This provides...

Posted Today at 07:42 AM by Simit Patel Comments 0
Posted in Uncategorized
I've shared this 4 hour chart to illustrate greater insight on the entry and exit points, but the daily chart illustrate the bigger idea of buying at support/50 SMA in a pull back. GBP is showing signs of strength -- I'm already long GBPJPY and GBPAUD -- and so I think what we're seeing here are signs of accumulation. I think the lows of this past Friday, July 25, may constitute a bullish checkmate, and thus have a relatively tight stop of 40 pips. My target profit is 180 pips away, which gives...

Posted 07-24-2014 at 08:14 AM by Simit Patel Comments 2
Posted in Uncategorized
GBPAUD is boasting the following:

1. Price has pulled back 61.8%, a key Fibonacci level, from its recent swing low to swing high
2. A pattern of higher lows is in place, and price just bounced off the upward trendline of this pattern
3. A doji candle is forming

Moreover, I'm seeing signs of AUD weakness across the board. I still have my long AUDJPY position on, though I'm expecting a bit of a retracement in that pair; if that occurs, this position should...

Posted 07-23-2014 at 08:26 AM by Simit Patel Comments 0
Posted in Uncategorized
USDCAD has been in a downtrend since March 20th of this year; that is when the current trendline, visualized in this chart, commenced. Price has pulled back to this trendline, is just below the 50 SMA and the 200 EMA, and not too short of the 50% retracement line from the recent swing high to swing low. The candlesticks over the past few daily trading sessions also suggest that price is in an accumulation or distribution pattern, getting ready to breakout. In light of the trendline, I'm speculating...

Posted 07-22-2014 at 08:44 AM by Simit Patel Comments 0
Posted in Uncategorized
The past few days I've shared my trades that the yen will continue declining in value, and that now was the time to short it. Specifically, I have trades on to go long AUDJPY and CADJPY, and a pending order to go long GBPJPY. And now, I'm adding a long NZDJPY trade to this as well.

By now the setup is familiar: the pairs were all trending up, but have recently pulled back to the 50 SMA, which is near a horizontal support level, and where price is forming doji candlestick patterns...
Recent Comments
Hi,
I am New...
Posted Today at 10:00 AM by harsimran harsimran is online now
hi sunny,
...
Posted 07-25-2014 at 08:40 AM by Simit Patel Simit Patel is online now
Thank you for sharing....
Posted 07-25-2014 at 12:03 AM by sunny747 sunny747 is offline
seriously!!! i checked...
Posted 07-24-2014 at 08:59 AM by Simit Patel Simit Patel is online now
Ugh- brutal 90+pip drop...
Posted 07-24-2014 at 08:49 AM by DREBG DREBG is offline

All times are GMT -5. The time now is 01:27 PM.


Creative Commons License

InformedTrades is dedicated to empowering traders with knowledge. Learn more about our mission statement, and our charity endeavors.

Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Search Engine Optimization by vBSEO 3.3.2
vBulletin Optimisation by vB Optimise (Reduced on this page: MySQL 2.17%).
vBCommerce I v2.0.0 Gold ©2010, PixelFX Studios
vBCredits v1.4 Copyright ©2007 - 2008, PixelFX Studios