In October of 2008, during the height of global financial crisis, FED opened temporary currency swap lines with other central banks around the world. It was one of the measures taken by financial authorities to provide liquidity to the system during turbulent times. This program was meant to facilitate lending in US Dollars around the […]

Few weeks ago I wrote about possible top in gold and suggested a short trade in that market. It is time for an update. Original analysis, and the trade, were based on weekly chart, so nothing was expected to happen very fast. While the market has dropped from the high of 1226 to under 1075 […]

One of the most important part of trading, often overlooked, is taking profits. Everybody focuses on entries, set ups, devoting a lot of time to create “perfect strategy”, yet at the same time rules for taking profits are often left to chance. Frankly, this very understandable. Trading is an emotional endeavour, like it or not. […]