BombayBulls

BombayBulls

Answer is, it depends! ( no surprise here ;) ) So now let's talk about, it really depends on what factors. What does taking a small profit means? If we talk about Forex trading then, taking anything less than 5 pips of profit is generally considered as small profit where usually people target roughly 30+ pips of gain in normal circumstances ( or taking profit...

BombayBulls

Whether the perpetrator of fraud is coming back or not, you can have your share back from PNB ( Punjab National Bank ). Finally after putting a base near Rs 70, it is turning a corner. I have accumulated between 70 - 90 range during the downfall and now looking forward to reap the rewards. Hopefully, election optimism rally in Indian stocks along will push the...

BombayBulls

If you are not able to see the big picture, especially in Forex, then it is very difficult to trade these days. Market is still being traded on the various themes but only difference is that now volatility is very low and trend is kind of non-existent. Now who is able to trade a 20 pip / day range with 20/30 pip stop-loss ( as a newbie Forex trade will put it...

BombayBulls

2018 was full of hints about what kind of future we can expect. Some of the things I can think of are, Volatility Mindless, nonproductive, non-directional, irrational, twit-driven, short-term etc. You got the point. Yes this is the world we are living in. Learn it or lose it. Informed Traders Don't know how to describe these new phenomenon in better words...

BombayBulls

It's been another great year for Forex Trading. For two consecutive years and after almost 400 something trades, account stands at 25% + gain and more interestingly, with NOT A SINGLE TRADE LOSS ! While many Forex shops closing with poor return, Star traders biting the dust and especially when the market environment in general is not that easy or conducive ,...

BombayBulls

Following simple personality streaks will easily help you lighten your pockets or bank balance or e-wallets ( for tech savvy ;) ) trading stocks, Forex, commodities etc etc. 1.) If you are a good person, open hearted, who doesn't know how the worldly affairs are being dictated by rich, powerful and smart people then probability is higher that you are taking most...

BombayBulls

Unfortunately Walmart is not Amazon and nobody should expect its stock to rise by buying a loss making company in the name of growing market share. Walmart's acquisition of Flipcart ( Indian online seller like Amazon ) is a lottery for Flipcart's owners and headache for Walmart's share holders. Important question is how can one compete with a company which...

BombayBulls

Any quick and big bounce due to geopolitical drama will be short-lived as long as US interest rates are following upward trajectory. I have been trading Gold from both sides depending upon the situation but my personal long-term bias is towards downward. Why the money should be parked in Gold where other assets are giving great returns? ( I am talking about in...

BombayBulls

I am not going to waste time stating the obvious about its expense and profitability etc. This company's fate will drag it to the following outcomes in my opinion. 1. ) Chapter 11 bankruptcy 2. ) Get bought by other company as a whole or may be just a brand will survive Shorts have got burned by wrong timing. But new shorts on any bounce between 320 - 360...

BombayBulls

Rising US Treasury yields are giving the much needed thrust to USD/JPY. Historically USD/JPY has decent correlation with 10 yr US treasury yields. If the yields and stock market move in sync for next few sessions then, along with high point in stock market, near 3.50 in yield can put USD/JPY quickly near 114/115 level. Instead of holding and building the...

BombayBulls

If BOE helps us to get into EUR/GBP short at better level then it will be some very easy pips to earn. My rationale for EUR/GBP short is very clear ( please check the link of previous post ). If GBP sags a little then 0.89 will be the level to watch otherwise 0.90 will be even better for shorts. Trick is to find the exhaustion point of GBP selling. It is not...

BombayBulls

Lupin LTD is still stuck in well entrenched downtrend. The moment it tries to gather itself up, some bad news hits the stock. Latest development is that USA is moving towards some kind of price manipulation of drugs. This news has hit majority of Indian pharmaceutical company stocks and they all are moving in the same downward direction. But well, we all know...

BombayBulls

Relentless advertising of mutual funds as the one and only path towards future richness has done wonders propping up the NIFTY and SENSEX so far. Equation is pretty simple; fire will be there until there is fuel. As long as people are ready to buy stocks, market will keep going up. Easy money is in buying the big drop, rather than shoring it looking for the top....

BombayBulls

Rather I should say, too much of positivity. It was relentless up move of about 25 cents based on hope of upcoming positivity in Euro zone. Humans are optimistic creatures in most part. But as I say, markets hardly dwell into the realm of reality. Over/Under-shooting is the only way markets like to oscillate. As 1.25 was too much to ask for the given...

BombayBulls

What is the strategy? - Keep it SIMPLE. I repeat, keep it SIMPLE - Even looking at my published trade ideas you will see that it is very plain and straight forward. - Forex markets moves on central bank rate expectations. Period. - No use of any indicator. I use moving averages and fib levels just for reference but don't hang my hat on that. - Finding the...

BombayBulls

How I Have Achieved 100% Winning Trades For More Than A Year So Far Not A Single Losing Trade In A Year, With >20% Return. Possible? Yes! Yes, it's a FACT. Headline is not to bait you. Because it is not that I know somebody who has done that but in fact I have done / doing it myself. Well, this post is not for any signal advertisement or something like that but...

BombayBulls

Brexit fear drop provided great buying opportunity last year, and again once late comers will get wiped out, we will get opportunity to buy GBP/USD again from better levels. You can find in previous posts that I have been buyer of GBP/USD from 1.20 and was prepared to get more if it would have dropped more based on simple understanding about how real world works....

BombayBulls

Is AUD/CHF going to 0.70 or 0.80 in next few weeks or months? I really don't know. Only thing I am aware about is that one central bank has negative interest rate and another has positive ( and stable so far ! ) So even if the pair doesn't move much, it provides carry benefit. As you know, Australian dollar is currently in limbo. AUD and NZD are no more going...