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 07:51 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 06:50 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 08:45 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 01:00 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: 12-04-2011 12:27 AM
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 04:34 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 10:36 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 12:28 PM
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 09:58 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 07:57 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 10:21 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 11:19 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 01:59 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 04:45 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 03:23 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 509
Register to see messages.

Statistics

Total Posts
Visitor Messages
Blog - Diary of a Central Banker
General Information
  • Last Activity: Yesterday 06:29 PM
  • Join Date: 03-12-2008
  • Referrals: 29

Friends

Showing Friends 1 to 10 of 223,630

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 03:58 PM

Nuru International
Gift purchased at 08-21-2011 05:41 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 05:41 PM

Nuru International
Gift purchased at 08-21-2011 05:41 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 05:41 PM

Nuru International
Gift purchased at 08-14-2011 08:27 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 08:27 PM

Nuru International
Gift purchased at 07-31-2011 03:18 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 03:18 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 04:57 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 12:45 PM

Nuru International
Gift purchased at 06-13-2011 02:21 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 02:21 AM

Nuru International
Gift purchased at 06-13-2011 02:21 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 02:21 AM

Nuru International
Gift purchased at 05-29-2011 05:44 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 05:44 PM

Kiva Bank Fund
Gift purchased at 05-15-2011 03:36 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 03:36 PM

Nuru International
Gift purchased at 05-08-2011 04:59 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 04:59 PM

Nuru International
Gift purchased at 05-08-2011 04:59 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 04:59 PM

Nuru International
Gift purchased at 04-28-2011 05:41 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 05:41 PM

Nuru International
Gift purchased at 04-23-2011 04:39 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 04:39 PM

Nuru International
Gift purchased at 04-23-2011 04:39 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 04:39 PM

Kiva Bank Fund
Gift purchased at 04-23-2011 04:39 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 04:39 PM

Nuru International
Gift purchased at 09-05-2010 11:43 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 11:43 PM

Post Thanks / Like

01-24-2015
04:46 PM - clicked Thanks for this post: What happened to CHF? by Simit Patel
04:40 PM - clicked Thanks for this post: Swiss Franc Bankrupts Brokers by Simit Patel
01-22-2015
09:00 AM - wolverine clicked Thanks for this post: Did Warren Buffett Use Pyramiding? by Simit Patel
08:42 AM - Simit Patel clicked Thanks for this post: How to Reduce the Chances of Being Stopped Out on a Trade by wolverine
01-21-2015
05:18 AM - marcussl55 clicked Thanks for this post: Average True Range in Forex by Simit Patel
01-18-2015
09:04 PM - clicked Thanks for this post: Which Asset Classes Do Best in a Monetary Crisis? by Simit Patel
01-17-2015
07:22 AM - clicked Thanks for this post: [text] Is Switzerland About to Break the Peg With the Euro? - Bruce Krasting by Simit Patel
01-16-2015
12:14 PM - wolverine clicked Thanks for this post: What happened to CHF? by Simit Patel
01-14-2015
08:46 AM - Simit Patel clicked Thanks for this post: Buy and Sell from the highest roll-overs? by LitheInvestor
01-12-2015
09:52 AM - clicked Thanks for this post: Long-Dated US Treasury Bond ETF Hits All-Time High by Simit Patel
01-08-2015
03:58 PM - Power Broker clicked Thanks for this post: Oil at Trendline Going Back 15 Years by Simit Patel
01-05-2015
12:37 PM - Simit Patel clicked Thanks for this post: Interesting Thread by
01-04-2015
05:44 AM - clicked Thanks for this post: An Introduction to Deflation and Ways to Trade It by Simit Patel
01-02-2015
09:20 AM - Simit Patel clicked Thanks for this post: Why so one-sided? by
12-30-2014
07:03 PM - clicked Thanks for this post: How to Choose the Oil ETF Right for You by Simit Patel
12-29-2014
07:52 AM - Simit Patel clicked Thanks for this post: Dow Theory: The Last 3 Tenets of Dow Theory by each1increase1
12-17-2014
11:43 AM - x3mtrading clicked Thanks for this post: Oil Crash of 2014: The How and Why by Simit Patel
12-15-2014
08:12 AM - Simit Patel clicked Thanks for this post: 'Trend Stop' - Indicator by wolverine
12-04-2014
04:56 AM - Orses clicked Thanks for this post: The Market Forces of Supply and Demand by Simit Patel
01:18 AM - marcussl55 clicked Thanks for this post: What does it take to succeed in trading? by Simit Patel

Blog

Latest Blog Entry

Posted 12-15-2014 at 08:57 AM by Simit Patel Comments 0
Posted in Uncategorized
USDSGD falls to the bottom of a price channel, which is also a horizontal support level and the 50% Fibonacci retracement from the swing low to swing high. We are also seeing considerable USD strength across the board. As such, I'm long at 30936, with my stop at 30665 and my target profit at the recent swing high at 32390. This needs a pullback of about 40 pips at the time of this writing to get filled; 40 pips is quite a bit for the relatively tight trading USDSGD, so this order might not get filled....

Posted 12-12-2014 at 08:53 AM by Simit Patel Comments 0
Posted in Uncategorized
NZDUSD is in a clear downtrend, but has now snapped back to a resistance level that coincides with the 50 SMA. At the same time, we're seeing price action stall and reversal candlestick patterns form. I've got my stop just above the recent swing high, and my target profit is the support based on the weekly chart. This gives me a reward/risk of about 3.5.


Posted 12-11-2014 at 10:20 AM by Simit Patel Comments 0
Posted in Uncategorized
I've been looking for a chance to jump in on the short yen trade, which has been one of the best trades in 2014 -- especially over the past two months. I finally got what could be the pullback I'm looking for, as AUDJPY appears to be bouncing off support at 98.50. As such, I'm long at 98.50, with my stop at 97.05 and my target profit at 105.14 -- a resistance level visible on the weekly chart. This is a relatively small position, as I'm leaving more capital ready in case USDJPY pulls back even more....

Posted 12-09-2014 at 08:42 AM by Simit Patel Comments 0
Posted in Uncategorized
I split this into two orders, since in my experience reversal candlesticks like this one often don't provide the pullback one would hope for. So I'm short at 2.030905 and at 2.05041; my stop for both orders is at 2.05995, with my take profit at 1.96389. The rationale for the trade is simple; we're seeing a downward channel on GBPNZD, and now we have a reversal candlestick at the top of that channel that could portend a move down.

...

Posted 12-05-2014 at 09:27 AM by Simit Patel Comments 0
Posted in Uncategorized
NZDCHF has pulled back to support, its current price is above its upwardly-sloped 50 SMA, there is a pattern of higher lows, and a hammer candlestick pattern appears to be in place. Moreover, we are seeing signs of strength on other NZD pairs, most notably NZDCAD. In light of these factors, I'm going long at 75514, with my stop at 75061 and my target profit at 7741. This gives me a reward/risk of about 4.19.

Recent Comments
luckily i made an error...
Posted 11-26-2014 at 10:40 AM by Simit Patel Simit Patel is online now
Tough one, Simit......
Posted 11-26-2014 at 09:21 AM by DREBG DREBG is offline
The head and shoulders...
Posted 10-30-2014 at 12:06 PM by slaidais slaidais is offline
Dear Mr. Patel, ...
Posted 10-30-2014 at 12:44 AM by CXN CXN is offline
Hello Simit,
...
Posted 10-09-2014 at 11:10 AM by wolverine wolverine is offline

All times are GMT -5. The time now is 01:16 AM.


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 - 2015, 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