Sergey Golubev / Profile

TODAY is Monday, September 16, the 259th day of 2013. There are 106 days left in the year. (the source is here http://www.perthnow.com.au/news/on-this-day-in-history-8212-september-16/story-fnii5s3z-1226719537517 )

Highlights in history on this date:

1498 - Death of Tomas de Torquemada, first Grand Inquisitor of Spain.

1673 - Holy Roman Emperor Leopold I declares war against France.

1736 - Death of Gabriel Daniel Fahrenheit, German physicist. He was the inventor of the alcohol and mercury thermometers and his name is commemorated by the thermometric scale.

1744 - Prussia's King Frederick II takes Prague but, deserted by the French, he is driven back into Saxony.

1810 - Mexico begins its revolt against Spanish rule.

1857 - The song Jingle Bells is copyrighted by Jane Pierpont of Boston.

1859 - Lake Nyasa, which forms Malawi's boundary with Tanzania and Mozambique, is discovered by Scottish explorer David Livingstone.

1913 - Japan sends flotilla to Yangtze River on China's failure to honour reparations agreement.

1940 - Italian forces reach Sidi Barrani, Cyrenaica, in North Africa.

1941 - Iran's Reza Shah abdicates in favour of his 23-year-old son, Mohammad Reza.

1945 - Japan surrenders Hong Kong at the end of World War II.

1953 - The Robe, the first movie filmed in the widescreen process CinemaScope, has its world premiere at the Roxy Theatre in New York.

1955 - Argentine President Juan Peron, ousted by military coup during second term in office, begins 18-year exile; uprising in Cordoba under General Eduardo Lonardi spreads throughout Argentina. 1956 - TCN 9, Australia's first commercial TV station, opens in Sydney.

1957 - Coup in Thailand places Pote Sarasin, new secretary-general of SEATO, as premier.

1963 - Malaya, North Borneo, Sarawak and Singapore form Federation of Malaysia.

1966 - The new Metropolitan Opera House at the Lincoln Centre in New York opens with composer Samuel Barber's Antony and Cleopatra.

1967 - UN Secretary-General U Thant calls on United States to halt bombing of North Vietnam.

1974 - US President Gerald Ford announces a conditional amnesty program for Vietnam war deserters and draft-evaders.

1975 - Papua New Guinea gains full independence from Australia. 1976 - US Episcopal Church approves ordination of women to be priests and bishops.

1977 - Death in Paris of Maria Callas, the American-born prima donna famed for her lyric soprano and fiery temperament. She was 53.

1978 - In Iran, 25,000 people are killed by an earthquake which measures between 7.5 and 7.9 on the Richter scale; Nicaragua's National Guard says it has retaken Leon, nation's second largest city, from guerrillas.

1979 - Afghanistan's President Nur Mohammed Taraki is overthrown in a coup headed by hardline Communist Prime Minister Hafizullah Amin.

1982 - Massacre of Palestinian refugees by Lebanese Christians at Chatila and Sabra refugee camps in Beirut begins.

1987 - Two dozen countries sign the Montreal Protocol, a treaty designed to save the Earth's ozone layer by calling on nations to reduce emissions of harmful chemicals by 2000.

1990 - Iraq opens Kuwait's borders and thousands of Kuwaitis attempt to flee their country.

1991 - Soviet Union's interim government promises to ease looming food shortages and opens talks on draft economic union treaty.

1993 - Clashes between ethnic Croats and Muslim-led government forces intensify in central Bosnia after Croat villagers are massacred; A judge in Berlin convicts three elderly former Communist leaders in the shooting deaths of East Germans who tried to scale the Berlin Wall.

1994 - British Prime Minister John Major lifts media restrictions on Sinn Fein, the political wing of the IRA; US Federal jury orders Exxon Corporation to pay $US5 billion ($A6.13 billion) in punitive damages to commercial fishermen, Alaska natives, property owners and others harmed in the 1989 Exxon Valdez spill.

1995 - In Mexico, three military planes, flying in formation crash during Mexican Independence Day festivities, killing six crew members.

1996 - France begins scrapping its 18 land-based nuclear missiles in the Alps, to rely solely on planes and submarines for its nuclear deterrent; Romania and Hungary sign a treaty to end a centuries-old rift between the two neighbours and help them join NATO and the European Union.

1997 - Typhoon Oliwa hits south-western Japan, killing six and forcing 80,000 people from their homes.

1998 - Serb security forces shell an ethnic Albanian rebel stronghold in northern Kosovo, spreading fighting to a peaceful area of the province and sending thousands of people fleeing. 1999 - A black officer goes on a killing rampage at a South African military base, shooting dead seven white soldiers and a white civilian before he is gunned down by colleagues.

2000 - At the Sydney Olympics Ian Thorpe wins two gold medals and claims two world records - in the 400m freestyle and the 100m freestyle relay; Michael Klim sets a world record in his leg of the relay: Australia's first medal of the Games - a silver - won by triathlete Michellie Jones; the opening ceremony is confirmed as Australian TV's most watched event, with 10.5 million viewers.

2001 - President George W. Bush pledges a crusade against terrorists, saying there is "no question" Osama bin Laden is the "prime suspect" in the September 11 attack; Iran reports that Tehran's Mayor Morteza Alviri has sent a message of condolence over the September 11 attacks to New York Mayor Rudolph Giuliani in the first official public contact between the two countries since the 1979 Islamic revolution.

2002 - Peace talks at a naval base in Sattahip, Thailand open between the Sri Lankan government and the Liberation Tigers of Tamileelam rebel army in an attempt to end Sri Lanka's 19-year-old civil war.

2003 - Nigeria warns ousted Liberian President Charles Taylor to not meddle in his homeland's internal affairs, saying his continued asylum in the country depended upon it. Taylor had been found making attempts to influence events in Liberia, even from exile. 2004 - Africans open a new home near Johannesburg for the Pan-African Parliament, Africa's first representative body.

2005 - A senior Sunni cleric calls for all Iraq's religious and ethnic groups to take a stand against violence as the country endures a third consecutive day of sectarian killings.

2006 - The Vatican announces that Pope Benedict XVI "sincerely regrets" offending Muslims with his reference to an obscure medieval text that characterises some of the teachings of Islam's founder as "evil and inhuman".

2007 - The budget One-Two-Go Airlines domestic flight OG269, carrying 123 passengers and seven crew members, crashes as it tries to land in pouring rain on Thailand's resort island of Phuket. At least 90 people are killed, including 54 foreign tourists.

2008 - Brendan Nelson loses the leadership of Australia's federal opposition to Malcolm Turnbull in a spill.

2009 - Afghan officials issue full preliminary results showing President Hamid Karzai got 54.6 per cent of the vote in the previous month's election, a result that could be annulled by mounting fraud allegations.

2010 - Pope Benedict XVI wades into the hostile atmosphere of highly secular Britain, admitting the Roman Catholic Church did not act decisively or quickly enough to remove priests who molested children in his strongest comments yet on the worldwide sex abuse crisis shaking his church.

2011 - Ghana-born trader Kweku Adoboli is charged with fraud and false accounting while working for Swiss bank UBS in London's financial district and is believed to have run up losses of $2 billion.

2012 - Hundreds of Pakistanis protesting an anti-Islam film break through a barricade near the US Consulate in the southern city of Karachi, sparking clashes with police in which one demonstrator is killed and more than a dozen injured.

1. Tenkan Sen / Kijun Sen Cross
The Tenkan Sen / Kijun Sen Cross signal occurs when the Tenkan Sen (Turning line) crosses the Kijun Sen (Standard line).

1.1. A bullish signal occurs when the Tenkan Sen crosses from below to above the Kijun Sen

A weak bullish signal occurs when the cross is below the Kumo.
A neutral bullish signal occurs when the cross is inside the Kumo.
A strong bullish signal occurs when the cross is above the Kumo.

1.2. A bearish signal occurs when the Tenkan Sen crosses from above to below the Kijun Sen

A weak bearish signal occurs when the cross is above the Kumo.
A neutral bearish signal occurs when the cross is inside the Kumo.
A strong bearish signal occurs when the cross is below the Kumo.

Hedging (source - dailyfx.com)

Hedging has a dirty connotation in the Forex market. In the Forex market, hedging is often thought of as going long and short on the same pair at the same time.
This is disastrous, and an atrocity to the term ‘hedging.’ If you buy and sell the same pair at the same time, the only way you can truly profit is from the spread compressing (getting smaller), which means that your top-end profit potential is limited.
In actuality, it’s much more likely that spreads may spike during news announcements which could entail a loss on BOTH sides in this scenario.
Some traders say ‘well, I’ll close out the long at a top and wait for a bottom and then close out the short.’
This just doesn’t make sense. Because if you could time your long exit that well, then why wouldn’t you just initiate the short position there after closing the long position?
You still have to time the market in one of these ‘hedges.’ But extra risk is exposed from the fact that spreads can widen, and potentially trigger stops, margin calls, or any other number of bad events that simply aren’t worth it because there is so little upside of doing so.
The textbook definition of hedging, and this is what is taught in business schools around the world, is that a hedge is an investment that’s intended to offset potential losses or gains that may be incurred by a companion investment.

Trading news events automatically : Building an Automatic News Trader. read howto

Gold Demand Seen Lower In 2nd Half Of 2013- Thomson Reuters GFMS

Gold demand in the second half of 2013 is forecast to fall as consumer buying will likely be lighter than what was seen earlier in the year, said a London-based metals consultancy.

“Generally heightened consumer inventories among the traditional buying regions strongly suggest that gold’s massive trading volumes in mid-year will now dwindle,” said Thomson Reuters GFMS in its Gold Survey 2013.

Physical demand may fall, but prices could rise into year’s end, supported by geopolitical tensions and a possible fight over the U.S. debt ceiling. They forecast prices could test $1,500 an ounce by early 2014. On Wednesday, December Comex gold prices settled at $1,363.60.

Consumers were big physical gold buyers after prices fell almost 16% in three trading days in mid-April. They stepped up again in June when prices fell following short-selling and sales by professional traders on heightened expectations of an end to the Federal Reserve’s quantitative easing program.

Rhona O’Connell, head of metals research and forecasting at Thomson Reuters, said during the June buying spree, bar hoarding reached an all-time high for the half-year and jewelry fabrication rose to its highest levels in six years. Consumers in a number of countries bought gold jewelry with higher carat-weight, she said. “In America this is the first time this has happened in over a decade, while there has also been a shift away from alternative materials and back towards gold,” O’Connell said.

Chinese jewelry fabrication rose 41% to a record 345 metric tons during that time, she said. “Consumers were presented with a rare buying opportunity after more than a decade of rising prices, and middle-aged women, commonly dubbed ‘Chinese Aunties,’ in charge of domestic budgets, were swift to respond, building stocks for gifts later in the year. This was typical of the patterns elsewhere in the market. India is the exception, where changes in import and distribution rules have meant that inventories generally are low, while smuggling is on the increase,” O’Connell said.

She said that 2013 is on tap to be the first year in modern times when China will overtake India as the metal’s No. 1 consumer, by as much as 100 metric tons.

How To Trade : A Trend-Following Technical Analysis Method in details

Hi guys, be careful with it - this is from Forbers (the source is here http://www.forbes.com/sites/melaniehaiken/2013/09/12/buying-viagra-online-its-very-likely-fake-and-possibly-dangerous-new-data-say/ ):

Majority of Viagra Bought Online May Be Fake, And Possibly Dangerous, Research Shows

In the past year, evidence has mounted that a large percentage of the Viagra and other erectile dysfunction (ED) medication sold online is fake. And that the majority of the sites selling Viagra online can’t be trusted.

It started with data presented at the World Meeting on Sexual Medicine late last year showing that 77 percent of all Viagra (generic name sildenafil) purchased online from 22 different sites was counterfeit. (Note: The study was published only as an abstract for presentation at the conference and therefore has to be considered preliminary. And the author, Irwin Goldstein, M.D., conducted the study in cooperation with the global security arm of Pfizer, maker of Viagra.)

The Doji : What Messages Does the Doji Tell the Trader? (source - dailyfx.com)

The skinny body of the doji candle illustrates indecision. During the formation of this candle, prices moved higher, and prices moved lower – but they ended up closing very close to where they had opened. The fact that traders couldn’t decide to bid prices higher or lower shows us indecision in the market, and this indecision can be an important turning point that, as traders, we might be able to take advantage of.

This is the birthday today of Bashar Hafez al-Assad, President of Syria

Trading the News: U.K. Jobless Claims Change

U.K. Jobless Claims to Decline for Tenth-Consecutive Month
ILO Unemployment Rate to Hold at 7.8% for Fifth Month

U.K. Jobless Claims are projected to contract another 21.0K in August and the ongoing improvement in the labor market is likely to spark fresh monthly highs in the GBPUSD as it raises the scope of seeing a stronger recovery in Britain.

What’s Expected:

Time of release: 09/11/2013 8:30 GMT, 4:30 EDT
Primary Pair Impact: GBPUSD
Expected: -21.0K
Previous: -29.2K