freemexy's blog
How to Take a Reasonable Profit
The profit-taking price is one
of three obligatory factors (the remaining two are the stop-loss price
and open a position price) that you need to set before making a trade.
However, most traders often ignore the profit-taking price, or do not
have a reasonable profit-taking method but often take profit on a
personal presentiment. This makes your profit significantly reduced,
some traders even take profit early when the profit from that trade is
not even equal to the amount they set to cut loss. A professional
investor needs to realize that, even if their trading system is only
50%, or even lower, a reasonable profit-taking price compared to the
stop-loss price (preferably 2 times or more up) will help them earn a
profit.To get more news about WikiFX, you can visit wikifx official website.
In this article, the author will guide you to use the Fibo Extension
tool to be able to set a reasonable profit taking price when you execute
a buy/sell order during the correction phase of a market trend. For
most experienced traders, they tend to trade during the corrective
market phase (prices are pulled back to the MA line) rather than use
catching- peaks/valleys method. This will help them to be more secured,
at the same time, not to lose the opportunity to seek a greater
speculative profit, because in a market trend, prices will move very
far.
When trading at the adjusted price range, you will set a
point at which profit taking price is considered reasonable enough.
Actually, very few investors can answer this question properly, maybe
they have another way to determine the profit-taking price, the author
herein absolutely do not judge whether the tool they are using is right
or wrong, because every individual acquaintances with the use of certain
indicators, as long as they are effective.
The purpose of the
article is to just recommend the Fibo Extension tool to determine the
profit taking price, which can provide investors with more options or
provide the new comers in this industry who have no idea how to
determine the profit-taking price, some fundamental knowledge before
they start their games.
Tradingview gives every trader a chance to
own an account for free, this tool is literally integrated in it. From
the chart view, you can create it by just clicking on Gann and Fibonacci
Tools >> Trend-Based Fib Extension. See the picture below
The important thing before using the Fibo Extension is that you need
to understand exactly which tool is used in the market situation or time
period. The Fibonacci Extension is used in a trending market and is
drawn when you want to execute an order at the price line being pulled
back to the MA line. Therefore, if the market is in an uptrend, the MAs
need to slope upward; in a downtrend, the MAs need to slope downward;
the new bottom area, the peak area before the pulled back price, the old
bottom area and the MA lines must create a gap on the price chart
marked with white parabola (see illustration).
l Click on the
toolbar, connect the old bottom, the newly created peak of the trend,
the new bottom when the market pulls back to the MA line, the Fibo
levels will be created as shown in Figure 1.
l Use the Fibonacci Extension to determine profit taking prices
l Figure 2 illustrates how to use the Fibonacci Extension to
determine profit taking prices of a gold price chart, under 1 day time
frame.
l Fibonacci Extension creates many different levels of
Fibo, but in the authors personal experience, you need to pay attention
to 3 target price levels at Fibo 61.8; 1 and 1,618, and in fact, you
only use 2 or 3 profit taking prices only.
l As you can see in
Figure 2, the Fibo 61.8 mark is 1285.59; The Fibo 1 mark is 1302.51 and
the Fibo 1,618 mark is 1329.87, which is achieved and these are the 3
profit-taking prices that you expected from the beginning.
Gold Losing Shine on Soaring USD
On Tuesday, gold prices
witnessed the biggest loss for seven years while USD embraced its
biggest gain since early June. Driven by this, the markets of stocks,
forex, oil and precious metals showed mixed performance.
This
Tuesday, gold sharply dropped over 6% to the low level of $1,901,
compared to the high level of $2,035 the night before. The half-month
low since July 27 is a record one for seven years and the largest one
since Lehman's bankruptcy. Besides, spot palladium fell 6.5% coupled
with a slump of 6.7% in spot silver on the same day.To get more news
about WikiFX, you can visit wikifx official website.
The growing greenback and U.S. Treasury yields may mainly account for
the fluctuations in gold prices. The yields of both 10-year and 30-year
bonds have been climbing as markets placed a bet on the U.S. issuing a
record national debt of $112 billion together with large amounts of
corporate bonds within this week.
Furthermore, WTI crude oil
generally eased back on the day, seeing its intraday rebound at a time
but finally losing 1.39% just shy of $42.0.
Tuesdays USD stayed
strong on the whole, with DXY nudged slightly higher of 0.04%. At the
same time, the USD/JPY pair volatilized most with a buoyancy of 0.67%,
compared to the least volatilized pair of AUD/USD which obtained 0.01%
All the above is provided by WikiFX, a platform world-renowned for
foreign exchange information. For details, please download the WikiFX
App:
Will Indian Economy Go Short?
According to the latest data of the Reserve Bank of India (RBI), the country's forex reserves have surged $11,938 million to a fresh all-time high of $534,568 million for the week ended July 31. Its forex reserves have seen sharp rise over the past few months as overseas investors pumped money into Indias stock markets.To get more news about WikiFX, you can visit wikifx official website.
However, the country‘s external debt shows an opposite scenario,
dropping away from its forex reserves. As of March, its external debt
has grown to $558.5 billion from the $474.4 billion five years ago. The
ratio of external debt to forex reserves goes as high as 111.7%. By the
end of 2019, India’s public debt has reached up to $1,170 billion,
accounting for 250% of forex reserves.
Over the past decade, India‘s
equity markets have been booming along with the strong momentum in
economic growth. But the excessively heavy debt may put economic burden
on enterprises and the government because India has a large population
as a major developing country. The inverted trend mentioned above
implies that India’s forex reserves seem to be very vulnerable.
Indias economy has been highly dependent on dollar liabilities for
several years. Once the greenback disengages from India massively, the
economy may suffer from near-term hit and surrender its wealth to the
dollar capital at any time since global financial giants are going
short. Investors should be alert to “black swan” events.
As a
leading media in forex industry, WikiFX App has included profiles of
more than 19,000 forex brokers around the world, while providing 7*24
latest market news, interpreting massive forex information, warning
against investment risks, and protecting investors fund safety in forex
trading.
At 14:00 today (GMT+8), the U.K. released its jobs data, which is
worse than expected. In this condition, investors should pay heed to
reversal signals on GBP/USD and GBP/JYP.To get more news about BCP GROUP, you can visit wikifx official website.
Based on the expectation that the government will support the payrolls
of over 9 million workers, the U.K.s National Institute of Economic and
Social Research estimated the subsidy amount, which indicates that the
jobless numbers will jump above 3 million and the unemployment rate will
surge to 10% by the end of the year.
However, the Monetary Policy Committee of the Bank of England
projected “the unemployment rate to rise to around 7.5% by the end of
the year”. Although the central bank assesses that “the existing stance
of monetary policy remains appropriate”, the marked increase in
unemployment rate may force the BoE to reassess its current approach and
galvanize it into expanding the current £750 billion quantitative
easing program.
A worse-than-expected employment data may hamper GBP/USD and GBP/JYP
and lead to investors positioning for the provision of more monetary
stimulus, discounting the performance of GBP against its major
counterparts.
All the above is provided by WikiFX, a platform world-renowned for foreign exchange information. For details, please download the WikiFX App: (download link)
Although WoW Classic is so popular, there are still heaps of players
are dissatisfied with some state of World of Warcraft today, so they
either complain, switch to private servers hosting earlier expansions or
stop playing altogether. The solution for Blizzard was painfully
obvious, and Classic is now finally here. 15 years is a long time. Since
Vanilla, the situation in World of Warcraft has changed dramatically.
So before you follow the public and follow the path of memory, we will
tell you about some of the worst aspects of playing World of Warcraft:
Classic. After that, you can continue playing the game and buy some
classic wow gold because we all know you want to do it.To get more news
about Buy WoW Items, you can visit lootwowgold official website.
Oh, line up. No one, especially Blizzard, no one expects every English
field to be crowded with nostalgic and crazy fans creating new
characters. However, this is indeed the current state of Classic. On the
first day of the release, numbers showed that more than 15,000 people
were waiting in line to play their games. And, we must at least deal
with it until the entire hype fades away.
The Aged Visuals
You know this is coming. In Pete’s opinion, this is a 15-year-old game. Although many nostalgic players will definitely enjoy the warmth of returning to World of Warcraft, just as they did when they first started playing World of Warcraft, many will be disappointed with the actual situation 15 years ago. Keep in mind that World of Warcraft was actually a graphically good online game of that period. That’s why, as you probably know, Blizzard decided to provide players with the ability to dial their graphics settings and make their visuals more beautiful. However, they also added a “classic” button to make the game look the same as it was then.
When you play Classic games, you will also find another thing: the image quality of the game, the cutscenes and the way they complete tasks, have changed a lot over time. In Classic, this lack of eye candy is exactly what we have to work through this time.
After WoW Classic Paladin Guide, this week we will discuss
Engineering in depth. Engineering – one of WoW Classic players’
favourite profession, allows players to utilize and craft specific items
such as explosives, armours, ranged weapons, trinks and many more!
Furthermore, the profession brings about a vast number of PvP and PvE
benefits, and we can’t go without mentioning companion pets! With all
the ins and outs of engineering, we know it can be quite intimidating to
understand it all. That’s why we’ve gone ahead and made a comprehensive
guide to Engineering in WoW Classic. Let’s jump into it! To get more
news about wow gold classic, you can visit lootwowgold official website.
First up, why should you even consider Engineering? Well, there’s a
plethora of reasons why thousands of WoW Classic players decide to
undergo the Engineering route, such as:
-The ability to make explosives, such as the Goblin Sapper Charge,
Dense Dynamite and the Thorium Grenade. These items can bring vast
benefits due to their ability to damage in an area and stun monsters.
-The ability to get battle pets, such as the Arcanite, Dragonling and
Gnomish Battle Chicken, that can benefit not only you, but also the
group that you raid with.
-The ability to craft PvP trinkets, such as the Hyper-Radiant Flame
Reflector, the Gyrofreeze Ice Reflector, and the Ultra-Flash Shadow
Reflector. These aforementioned items can allow you deflect the spells
which you receive to instead attack the original caster.
-The ability to craft additional hearthstones, like the Dimensional
Ripper – Everlook, and the Ultrasafe Transporter – Gadgetzan, which
allow you to transport around the world quickly.
-The ability to craft special gear such the Force Reactive Disk, which
allow you to benefit from the unique and powerful effects that aren’t
seen in standard gear.
-Ability to craft other helpful gadgets, like the Field Repair Bot 74A,
which can allow you to repair your own items without the need to return
back to town.
So, ready to train Engineering? Before we jump into specific levelling,
you should be aware of the trainer locations for Engineering in WoW
Classic. You can find apprentice and journeyman engineering trainers in
major cities. If you don’t know how to get to major cities, simply find
any city guard, and they’ll direct you to the right spot by placing a
red flag with a golden exclamation mark on your map. However, the
higher-level trainers are found in more discreet areas of the map, all
which we’ll get into! We’ll now go over the Alliance, Horde and Neutral
trainers for engineering.
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It is understood that Rifeng Cable has more than 20 years of industry experience and advanced technology. It is a professional manufacturer of rubber sheathed cables, specializing in providing quality products and services to the global wire and cable market. The headquarters of Rifeng Cable is located in Guangfeng Industrial Park, West District, Zhongshan City, Guangdong Province. The plant covers an area of ??about 110,000 square meters and has 2,000 employees. It is mainly engaged in the development, production and sales of electrical equipment and special equipment supporting cables. , The products mainly include four categories of air-conditioning cable components, small household appliances wiring components, special equipment cables and other cables, and are widely used in household appliances, robots, wind power generation, marine engineering, port machinery, construction machinery, shipbuilding, electric Tools, instrumentation, computer communication control and other fields.
At present, Rifeng Cable has established cooperation with home appliance giants such as Midea Group, Gree Electric, Hisense Kelon, TCL Group, Aux Air Conditioning, and Xugong Machinery, Zhenhua Port Machinery, Keda Clean Energy, Dahan Construction Machinery and other well-known domestic equipment manufacturing companies. Long-term cooperative relationship, products are exported to Europe, America, Africa, Australia, Middle East and Southeast Asia.
Guangdong Rifeng Electric Cable Co., Ltd
Add.: Guangfeng Industrial Zone, West district,Zhongshan ,Guangdong ,China
Mail: [email protected]
Tel. :86-760-88166388 ext. 661
Cell phone:+86-18666536612
Website:www.rfcable.com.cn
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Started in 2009, Guangdong Rifeng Cable Co. Ltd. is specialized in research and development, design, manufacturing and sales of rubber-sheathed cables as core products. Its products have been used widely in air conditioning, home appliances, wind power generation, new energy, high-end equipment manufacturing, building machinery, port machinery, petrochemical industry, marine engineering, vehicles and vessels, robot and power-driven tools. Rifeng currently has facilities of more than 200,000 sq. meters and nearly 2,000 staff. It has more than 30 patents granted by the state and been successfully listed at Shenzhen Stock Exchange under the code 002953 on May 9th, 2019.
Guangdong Rifeng Electric Cable Co., Ltd
Add.: Guangfeng Industrial Zone, West district,Zhongshan ,Guangdong ,China
Mail: [email protected]
Tel. :86-760-88166388 ext. 661
Cell phone:+86-18666536612
Website : www.rfcable.com.cn
