The Technical Trader's view of the UK Gilt Market:MONTHLY CHART The market looks poised on the support from the Prior High at 116.08.DAILY CHARTAnd the detail of the consolidation suggests a possible complex Head and Shoulders top formation close to completion. Watch for a second close beneath that neckline currently at 115.86A confirmed completion of that H&S pattern would signal a break of the long-term horizontal support at 116.08.A second...more
Over the past 10 years or so a massive amount of value added tax (VAT) has been defrauded from HM Revenue & Customs (HMRC). One of the most successeful methods used by the thieves has been the so called 'Carousel Fraud'. Also sometimes called the Missing Trader Inter Community fraud, nobody really knows its full extent as it is only those losses that have been discovered that can be accurately counted.At the outset, the Carousel frauds were...more
In contrast to Compulsory Liquidation, which is initiated through a court order, Voluntary Liquidation is, as the name implies, undertaken voluntarily. Either the shareholders of a company initiate voluntary proceedings or the company directors undertake them. The legal formalities differ in each case, but in either case, the services of a licensed insolvency professional will be employed.Members? Voluntary LiquidationIn essence, Members? Voluntary Liquidation occurs when the shareholders in a company agree that they want to wind up a business in which they hold shares even though the company has enough assets to pay its debts. The company is still solvent, but for other reasons is considered to be unviable. At the winding-up hearing, a court order will be sought and when it is obtained, the insolvency practitioner will be appointed. The company directors will need to provide proof that the company is solvent and can pay off its creditors within 12 months. In some cases, they must pay these debts with interest, in others as of the time of the formal declaration of liquidation.Should a majority of the company directors not wish to liquidate, they can petition the court. They must...more
When the shareholders and/or directors of a company feel they can no longer service their debts, they may decide to undertake Creditors Voluntary Liquidation (CVL). CVL is a complex and potentially time consuming undertaking and is not to be taken lightly, though it can be the best option for a company that feels it is no longer a viable business...more
Traditions were started by families over the years and carried on through each generation of families. One tradition that is familiar is on Christmas Eve at 6:00PM Mountain Time a family would light a candle and have a few minutes of peace and prayer. At 5:00PM Pacific Time, 7:00PM Central Time and 8:00PM Eastern Time families would do the same...more
Having a stable of trading tools that helps you timing when to buy stocks will drastically improve your trading profits. However, many traders, particularly novice traders, suffer from paralysis by analysis. There are simply too much data, too many strategies, and too many indicators for any trader to completely master.Implementing volume centric momentum indicators provides you several key benefits, none the least of which is simplicity of reading. Momentum indicators tend to be very simple to interpret, and can provide traders important insight into market trends,On Balance Volume (OBV)On balance volume is a momentum indicator that was created by Joe Granville in 1963. The on balance volume indicator is designed to measure positive volume flow. The key concept to understand is that volume preceeds price, and as such, measuring the flow of volume (into or out of a stock) provides traders a leading indicator on market trends.On Balance Volume is constructed as a running total of volume flow. Volume is added to the total when price closes to the upside, and subtracted from the total when price closes to the downside. This is a key concept that the indicator is based on closing...more
The RSI or Relative Strength Index is one of the most prevalent indicators used in forex charting. Like the Parabolic SAR, it was invented by Welles Wilder, one of the distinguished technical analysts of our age acknowledged for his expertise with fx...more
Because of the Internet, many small business owners now have the opportunity to expand their businesses into the international trade market. The days of having to be some huge corporate machine with bottomless pockets to be involved in the...more
Learning how to identify the Tasuki Gap pattern provides traders a powerful trend continuation indicator.ReliabilityThe Tasuki gap is considered a medium reliability, according to Bulkowski's Encyclopedia of Candlestick Charts, Tusaki gaps are 57%...more
The Senate Health Bill has been grabbing headlines for months as members of the Senate continue to debate spending, bill allotments, and the merits of improved or universal healthcare coverage. The latest iteration of this bill in late November and...more
Americans are still finding ways to deal with the recent economic crisis. To get out debt, some people seek credit counseling while others turn to debt consolidation and debt settlement. Is there a difference between consolidating and settling...more
If you are really looking for ways to get out of debt and substantiate your finances, you are indeed in the right track. It is inevitable that the trauma and mental pressure one undergoes while under debt, associated and powered by the banks and...more