To imagine the big boys will be unable to get round this one is naive. They will make their transactions in London. They no doubt have offices there. The little guy in New Jersey can't do that. He/she will have to pay.

james16 Chart Thread

That's not how I read it. "... My legislation would simply impose a small tax — of 0.005 percent — on these currency transactions. ..." It says the tax is on the transaction not the profit. So 1 lot is $100 000 Tax = $100 000 x 0.005% = $5 per lot. ...

james16 Chart Thread

I have noticed that AUD closely follows the indices. Today the indices were up (closed my shorts before it snatched all my gains back) AUD/CHF and AUD/JPY clsoely follow the Dow. AUD/USD has a very similar course as well. The reason for this is that ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

This is really going to be helpful. The small time trader will be taxed whilst the big establishments will dodge it.

james16 Chart Thread

This is a modest sized bullish pin bar. Zoom out and you see the move it is involved in is a significant down trend. Price pulls back every so often but looking at the symmetry of the chart one would expect price to move down further before the next ...

james16 Chart Thread

The indices took a tumble 17.55 GMT. Especially nice when I'd only just put a big fat short on that happening. Looks like uncle Ben has been talking and the markets can read his lips. Credit and unemployment are the major economic risks. ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Yes there is divergence on the chart but that was a little while ago. On the daily chart we are trading inside a box between 1180 and 1210. This is not a bad thing - price congestion will inevitably result in the strong breakout. Gold is a complex ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Looks like the Fed is going to rev up the printing presses for more quantitative easing. Can you believe these people. We needed a recession after the dot com bubble burst but no that would have been the sensible thing to do, instead we have ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Eurodollar pins — EUR/USD Daily Last night (not on this thread) the issue of the pin bar on the EUR/USD came up. Mike briefly discussed this and was very cautious as the first pin bar is small and really nothing to write home about. Now we ...

james16 Chart Thread

Medium to long term silver has got to be one of the main investments. It is a very important commodity that is running out. We are using it faster than it is mined. Silver mining is not profitable on its own so as silver runs out the price will have ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Hi there ddinnov! As I have said the indices are tanking - the Dow and Footsie are tanking. I have noticed that AUD/CHF, AUD/JPY and to a lesser extent the CAD pairs track the Dow. Commodity currency verses "stable" low interest.

james16 Chart Thread

Please put up your chart if it is showing something else.

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Silver has gone through the 150 ema on the daily chart. It got down to 1750 which along with the 150 ema has acted as support for price since February 2010. I can see silver briefly ducking under the 1750 line if gold as we suspect goes down to ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

I have looked at this a little more. You cannot vouch for anyone unless you already have 4 vouches yourself. The scheme to setup so that only the more experienced posters can vouch for others. This is clearly sensible as it elevates the worth of the ...

james16 Chart Thread

Enjoy the profit!

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Hmm its broken down now - its under the lower wicks. First obstacle is 1180 but 1166 looks likely today or tomorrow.

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Thanks Chris for that. Anyone want to vouch for me? I am a big support of J16 and would like to vote for the thread.

james16 Chart Thread

I am missing something - this is what I see and there is nothing about rating.

james16 Chart Thread

Rating a thread — How do you vote for a thread. I see J16 has 5 stars but how do I add my penny's worth to this?

james16 Chart Thread

Yes I see now. What I didn't see is the Div. MACD is trending down and the chart is trending down - so no Div. Maybe we are both missing something!

james16 Chart Thread