It’s that time of year again. Time for friends, holidays, family, and tax planning! Unless you plan properly, taxes can be an excessively large part of your operating costs. Tax issues for traders are complex, and finding the right answers to your questions can be difficult.
You can learn more about tax issues for traders and how to manage them in an upcoming free webinar, hosted by Jim Crimmins. Jim is an expert on trader taxation and strategy, and has helped many traders.
If there is a way for you to take advantage of the tax regulations, Jim can tell you how! I’ve known Jim Crimmins for years and have no hesitation in recommending that you talk to him about trading tax issues.
Here are the webinar details:
Topic: Increase Cash Flow With Tax Efficient Trading
Date and Time: December 14th & 17th, 4:30 – 6:00 PM EST
Description: Part of the survival for any successful trader is cash flow management. The largest expense a trader has whether the trader makes or loses money is taxes. Every dollar we spend on taxes means we have one less dollar to trade with. With this in mind it is obvious that as traders we have the obligation to do everything possible to keep as much money in our brokerage accounts as possible.
Register here: https://www2.gotomeeting.com/register/726312786
Trade Well,
Neal Hughes “FibMaster”
FibMarkets.com
Hi Neal,
For example, we see strong upward move on 30 min chart, which is proved by TRSI. On 5 min we do not have retracement on one of the relevant Fib levels. Example is Cable up move 02/12 from 1.6555.
How do you usually handle with this situation?
Thanks,
Igor
A trader in Russia recently sent me this great question about GBPUSD, which prompted me to make a video lesson. Click the link below to see a brief introduction video lesson that I’ve made available.
Click image to view my Fibonacci video lesson for GBPUSD
See how we take advantage of a trend and how we enter to capture the move. There are many ways to enter and exit a trade. In this
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Below are trades and comments from members at FibMaster’s Trading Forum.<<-Click to join
Originally posted by “Lifesong”; Wed Nov 25, 2009 7:25 am
Click image to enlarge
Perhaps a little late on this post, but I’ve been following a H&S pattern on the Daily since late Oct ‘09 and waited for the retracement back to the neckline (classic throwback). This occured just over a week ago and I entered the trade on Nov 18th. Herewith my analysis (see chart which was analysed on Nov 5th):
The H&S pattern is marked on the chart and I waited for retracement back to neckline @ 1.2430 level and this also came close to 4h SK support zone @ 1.2385 level. On Nov 18th I noted that a double bottom formed on 4h chart @ 1.2440 level and I entered 60min TRSI X-up @ 1.2465 with initial stop below right shoulder @ 1.2180 level. My first objective with this trade is previous swing highs @ 1.2680 level and longer term second objective is SH of Apr 30th @ 1.2935 which will also coincide with 161.8 Fib expansion of swings at the bottom of the Daily chart.
Any comments or recommendations?
Originally posted by “FibMaster”; Wed Dec 02, 2009 5:14 am
Click image to enlarge
It’s been as high as 1.2820 so far. Good call. Are you still in it? Weekly trend still strong attached), daily showing possible retracement to begin here.
Originally posted by “Lifesong”; Thu Dec 03, 2009 12:55 am
Hi Neal
Thanks for the reply and I closed 2/3 of my position yesterday with just over 300 pip profit @ 1.2790, because of possible double top on 4h chart and the fact that Daily is showing signs of retracement. For the remaining 1/3 of my initial position I moved stop to just below 1.2650 (previous SH) and this is also current SK support on 4h chart. If it is stopped out it’s okay, otherwise I’ll keep it running for possible break of 1.2820 level.
