Trading cricket strategies


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The industry's dirtiest little secret is the extent of trading profits that brokers earn by directly taking on their muggiest punters.

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Looking at the Fibonacci extension level drawn on the EUR/USD chart above, we can see that a potential price target for a trader holding a short position from the 88% retracement described earlier lies below at the % level at .

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Currently he is the Chairman of Bangladesh Enterprise Institute, President of Bangladesh Association of Pharmaceutical Industries, President of Bangladesh Association of Publicly Listed Companies, Chairman of Abahani Limited & Chairman of the Board of Editors of "The Independent".

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Fibonacci retracement levels are depicted by taking high and low points on a chart and marking the key Fibonacci ratios of %, %, % horizontally to produce a grid. These horizontal lines are used to identify possible price reversal points.

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He is currently a member of the Board of Governors of North South University Foundation, the first private sector University in Bangladesh.

The melt-down of some offshore brokers has also raised the controversial issue of client segregation. Australia imposes tough restrictions on derivative brokers, but unlike other countries allows brokers to use client funds as collateral. On this issue, local and international brokers are at loggerheads.

• Ratings for every Class 7 race and above
• Selections and in depth race analysis
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Other popular technical indicators that are used in conjunction with Fibonacci levels include candlestick patterns, trendlines , volume, momentum oscillators and moving averages. A greater number of confirming indicators in play equates to a more robust reversal signal.


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