Recent content by Brumby

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    Britain may be in 1960s nose dive

    Aside from economic consideration there is the national security interest factor whenever a foreign entity is involved. Unfortunately the Competition and Markets Authority in UK has a narrow mandate unlike the FIRB in Australia or CFI in the US. Recent attempts to incorporate national security...
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    Potential mass exodus from Spreadbetters.

    In my view, the meaning of "the carrying on of that trade" has wide scope in meaning and the word "trade" can be substituted with "services"; or "business". The scope of the Inland Revenue is to tax income from business activities and "spread betting" can be caught within that net if the...
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    Potential mass exodus from Spreadbetters.

    I think you are missing the broader point which is the important consideration of what constitutes as a business activity as oppose to the question on the type of activity. Said differently, if the conduct of the activity is caught within the web of a business activity then the nature of the...
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    Potential mass exodus from Spreadbetters.

    It might not be directly related. The Australian Tax Office went after this guy. The first case against a gambler. https://www.theadvocate.com.au/story/409944/walsh-and-friends-settle-tax-debt/ who then moved his business to the Isle of Man...
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    Potential mass exodus from Spreadbetters.

    You should also read BIM22018. https://www.gov.uk/hmrc-internal-manuals/business-income-manual/bim22018 While spread betting may not be taxable, the business activity of spread betting may be. The issue is therefore what constitutes a business activity vs. a hobby. In the Graham v Green...
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    Potential mass exodus from Spreadbetters.

    Your tax status on your source of revenue derived from spread betting is dependent on your personal facts and not on whether you have opted to be designated as a "professional" in IG's client categorisation. However I think the intentional redesignation is likely to cause you to loose "safe...
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    Opinions about WD Gann's theories

    The most obvious evidence that a person cannot engage in a conversation of substance is when the rebuttals are ad hominem attacks sprinkled with feign outrage of being called out. When you actually substantiate your claim that Gann said "time equal price" then I will address the question - not...
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    forex trading is so hard...

    FXX, Good read and trade on your part. I wasn't connecting the dots as quickly. I was aware that OIS was pricing in a 43 % probability going into the release but forgot about the BOC dovish data dependent stance in the April statement.
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    forex trading is so hard...

    Did you trade this particular data release? I was initially perplexed by the strength of the initial 5 minutes price action after the data release as headline numbers did not seem significant enough as a miss to generate such weakness in CAD. This commentary came in through Forexlive on the...
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    5% of traders make it?

    While Tim often talks about day trading the bond market, in the Brexit situation he had to position trade for obvious reason due to his position size. He indirectly talked about it in the video when he said that the British pound market was simply not big enough to handle his position size and...
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    5% of traders make it?

    On the subject of risk, there is a very insightful video by Tim on how he traded Brexit. It is a gem.
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    5% of traders make it?

    In defense of TA I think it is important to differentiate between TA and trading because the "trap" you alluded to is not necessarily associated with TA but false expectation of TA and its application in trading. Some of the broad problems associated with trading and the consequent failures are...
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    Opinions about WD Gann's theories

    That is your rebuttal? It speaks volume.
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    Opinions about WD Gann's theories

    You are clearly entitled to your own opinion but not to your own facts. The idea of balancing time and price is fundamental to Gann's approach to forecasting and his usage of tools such as the 45 degree angle; squaring of prices; and his use of natural cycles. There are a body of evidence of...
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    Is the London session Anti-trend?

    It is your imagination. Having said that, the London session does come with it many tier one data releases which obviously can drive sentiments in a certain direction.