The Naughty And Nice Places To Spend Your Bitcoin (source - forbes)
Bitcoin is a decentralized, anonymous electronic currency that first came into being in 2009. It's still not clear how far Bitcoin can go in establising itself in the mainstream economy, but there are quite a few large and small businesses accepting Bitcoin as a means to purchase goods and services. You can use the cryptocoin to buy produce at a farmers market, security services from major internet companies, as well as drugs and weapons from your favorite online black market. The list of Bitcoin vendors is growing every day.
DANIEL DEL ORFANO — Born and raised on Long Island, New York, Daniel decided to stay close to his roots and attend Dowling College in Oakdale, NY. There he received his BFA in Art Education and was teaching full time by the fall of 2001. After teaching at the prestigious Knox Boarding School, Daniel took a position in the public school system where he taught art to children of all ages. Though extremely rewarding, this was not his true calling. It was at this time Daniel decided to divert his attention from teaching art to creating art, and in the summer of 2005, he formed The Renaissance Workshop. Specializing in all things art, The Renaissance Workshop gave Daniel the opportunity to expand his horizons, creatively.
As demand for commissioned work increased, Daniel began developing his expressive style, implementing techniques that emphasized texture over realism. Though the work depicted realistic scenes, the effects produced an almost ethereal feeling. The imagery began to take a back seat to the memory of which the image represented.
Daniel Del Orfano’s work depicts life, not as it may be, but more as it is remembered- a snapshot, not of a particular moment but of an overall memory.
The Fed After Ben: Janet Yellen, The Challenge Of Tapering And A Bloated $3.6 Trillion Balance Sheet (source - Forbes)
Janet Yellen is set to take the lead role at the Federal Reserve once Chairman Ben Bernanke steps down, and her challenge is set up for her: how to taper and begin exiting the Fed's easy stance without spooking the market or derailing the recovery.
GOLD Elliott Wave (based on ew-forecast.com article)
GOLD is under pressure at the start of the European session which we still think it can be wave b) corrective retracement as a part of incomplete three wave recovery from 1226 low. Be aware of a spike into 1226-1234 levels before reversing up.
Why You Loses Money Trading & The Answer (based on thetechnicaltraders.com article)
Most traders refuse to take a loss for two basic reasons: 1. They cannot admit they are wrong.1. They cannot admit they are wrong. 2. The loss is too big relative to their overall portfolio size so they can’t afford take the loss.
Know this, there’s no such thing as just a paper loss. The investment (stocks, etf, options or futures contract) is worth what it’s quoted whether you realize it or not by closing the position. Both of these examples are a form of self-delusion that millions of investors, both large and small, suffer from. If what I am saying here is making you uncomfortable or bringing up feelings of anger or powerlessness, then that is a good sign. It means you have enough common sense and self-awareness to change what you are doing.
Example of How You Can Make Your Trading Strategy To Be More Automated - see image
One of the first books to address the psychological nature of how successful traders think ~ The Disciplined Trader™ is now an industry classic. In this groundbreaking work published in 1990 ~ Douglas examines the causes as to why most traders cannot raise and keep their equity on a consistent basis ~ and brings the reader to practical and unique conclusions as to how to go about changing any limiting mindset. The trader is taken through a step-by-step process to break through those queries ~ and begin to understand that their very thoughts may be limiting their ability to accumulate and succeed at trading.
Author John Ehlers sums up his book perfectly in saying, "Truth and science triumph over ignorance and superstition." Rocket Science for Traders adapts digital signal processing techniques from the physical sciences for use in the field of trading. This thorough guide develops unique indicators to view the market from a new perspective and will help you expand the use of traditional indicators to achieve more precise computations.
Please note that the author of this book is the member of our mql5 forum
Gold Technical Analysys (based on dailyfx.com article)
Fundamental Forecast for Gold:Neutral
- Gold 2nd Attempt at Follow Through on Reversal Fails - Price & Time: Gold Refusing to Join the "Party"
Aside from the flurry of central bank rate decisions next week from the likes of the RBA, ECB, BoE and the BoC, traders will be focused on US economic data with the preliminary read on third quarter GDP & the November non-farm payrolls report on tap. Consensus estimates are calling for an upward revision from last month’s blowout GDP print of 2.8% q/q to 3.1% q/q. The November employment report is also expected to show continued strength in the labor markets with estimates calling for a read of 183K as unemployment ticks down to 7.2% from 7.3%. The risk to gold remains to the downside on stronger US data as the case for continued Fed accommodation becomes more difficult to warrant against the improving economic outlook. However, with expectations for US metrics to remain rather frothy heading into the close of the year, weaker prints could set-back or even diminish expectations for a shift in policy at the December FOMC meeting, thereby limiting the downside for gold prices in the near-term.
AUDZND Technical Analysis (based on Australian Dollar Weakness versus Kiwi Could Mean Downtrend Continues article) Talking Points MACD Crossovers are used by Forex Traders to spot reversals in trend...
In this latest volume, technical expert Bill Blau shows you how momentum, direction, and divergence form the basis of most technical indicators and how they can work for you to provide a considerable competitive advantage. Clearly, concisely, and with a minimum of complex mathematics, Blau shows you how to understand and apply them. Integrating the latest financial insights with more than 75 easy-to-follow graphics, Blau describes the uses and limitations of many of today's most notable technical indicators. He then demonstrates a variety of ways in which the principles of momentum, direction, and divergence can be used to create a versatile new set of technical indicators or to improve the effectiveness of the most widely used traditional indicators.
This is primary bullish on D1 timeframe and price is crossing 1.6357 resistance level. W1 timeframe : it was flat and ranging for past few weeks but primary bullish is started for now on open W1 barMonthly timeframe : Chinkou Span line crossed...
Price is inside Ichimoku cloud for D1 timeframe below Sinkou Span A line/border for
ranging bearish market condition trying to cross the other border of the
cloud/kumo for primary bearish. By the way. Friday's D1 bar was open below the clod but...
In MESA and Trading Market Cycles, Second Edition, MESA pioneer John F. Ehlers returns to reveal more of the inner workings and hidden mechanisms of MESA-the author's well-known and highly respected computerized trading system-and provides both traders and professional speculators with definitive information on using cyclical analysis to create and execute highly profitable forecasting and trading strategies.
This revised and completely updated resource first validates the existence of market cycles by reviewing the history of cycles and the advances in techniques to measure them. It then profiles the basic characteristics of cycles and fully describes moving averages, momentum functions, and indicators from the cyclical perspective. From here, Ehlers focuses on MESA, explaining how it works, how it compares to the Fast Fourier Transformation (FFT), and how traders can use its high-resolution spectral estimates to consistently pinpoint and exploit market cycles and trends.
MESA and Trading Market Cycles, Second Edition also contains new chapters which provide information that makes MESA a much more powerful tool. Topics within these chapters include: * The Sinewave Indicator * The Instantaneous Trendline * Trading Trend Mode and Cycle Mode * Making standard indicators adaptive:Commodity Channel Indicator (CCI), Relative Strength Indicator (RSI), and Stochastic Indicator * Developing highly effective automatic trading systems using MESA-measured cycles * Stock market systems, along with computer code (EasyLanguage) to implement them
Combining MESA, cycles, and technical analysis, this vital guide shows you-whether you're trading in the stock, options, or futures markets-how to boost the probability of establishing successful trades and profitably increase your bottom line. MESA and Trading Market Cycles introduces you to a new way of thinking that will not only lead to highly effective new indicators, but will also provide you with insights into market activity that you would never have imagined.