Will Bitcoin value increase stop at $500?
Everyone is talking about the surge of Bitcoin since it’s now valued more than $400. Yet, only a few discuss of the next price mark that Bitcoin value increase might meet resistance at. So, here I am, giving a few reasons why I expect Bitcoin to finally print a red candlestick at the $500 area. And no, I won’t be talking about fundamental analysis here. Besides, I didn’t really care why Bitcoin skyrocketed in the first place (China...
Bitcoin trading as it takes off to $400. Will it pull back?
Bitcoin’s surge has slowed down a bit now that it met resistance at $400. How should we trade Bitcoin? I will start from the larger timeframes and move down to charts showing more detailed action of the past few days. So, let’s go over the daily chart of Bitcoin. Back in April and during the Cyprus financial crisis, Bitcoin took off to $250 for the first time. It quickly retraced to $50 though. For the next 5 months Bitcoin price...
How to Change the Default Order Size in Esignal trading software
Esignal may be one of the best trading software out there, but when it comes to basic stuff of trading, it just toughens me up. One of the nuisances I dealt with was changing the default order size. Esignal originally sets it at 101 shares, if you are trading stocks! So, how do I change that to 100 shares or any other figure? The problem with 101 shares I like round numbers. I am sure most stock traders do. You hear it all the time:...
Google revenue to grow as Keyword Planner shoots Keyword Tool down?
Google revenue growth may have been benefited by some changes made by Google in the past few years. First it was the famous “(not provided)” listing that kept keywords hidden at Google Analytics. Now it is the Keyword Planner that replaces Google Keyword Tool. What’s next, Google Finance mobile stock portfolio? Is Google revenue going to increase because of the death of the Keyword Tool? Judging by the result that...
Why Betfair’s Earnings Report Tomorrow is Important
Betfair is reporting their earnings for Q1 2014 tomorrow. As the Betfair stock is currently trading at a very important resistance level, whatever the figures they are reporting, there is going to be a lot of action at the London stock exchange for the gambling company. Either for good or bad. Of course predicting heavy action on an earnings report’s day isn’t exactly rocket science. Yet, depending on the stock’s reaction to the news...
How I use pivot points in day trading stocks
You have heard of pivot points before when you were studying about technical analysis. But how can someone use pivot points in day trading stocks in particular? This is how I take advantage of them while day trading the US stock market. I day traded 3 US stocks yesterday; FBR, VFC and WHR. They all led to profit but of course that was just a fortunate event. There are losing trades obviously, much like there are both losing and...
LinkedIn stock: Day trading between pivot points
I am going to discuss about 4 stocks I traded on Monday. LinkedIn stock was the only one that I managed to show profits. I got the rest of my trades on TEAR, TSN and WCG stocks all wrong and lost my predetermined amount of money. Fortunately the uptrend of LinkedIn that I predicted based on the intraday chart won some of that back. Trading LinkedIn stock LinkedIn stock was trading above the quarterly R2 pivot point and approaching the...
Day trading VISA stock has been a nightmare
Visa stock was one of the most volatile stocks on July 31. The stock price collapsed to $172 having opened at $195! During that 23 dollars’ fall many traders made money by selling short and taking advantage of the fierce downtrend; the money that other traders lost when they were buying. Sadly I was one of them. We can all agree now that Visa stock didn’t find support at $172 by chance. That is where the S2 monthly pivot point was...
From Sports to Stock Trading: Can it be done?
If you are familiar with sports trading and like to trade sports events like tennis tournaments or horse races, you’ll have no trouble getting accustomed with the whereabouts of stock trading. Especially if your trading is based on chart analysis and you have been using software that utilizes a ladder, you will quickly make the transition from sports to stock trading. Of course that doesn’t mean you’ll be profitable, that’s another...
Uptrend for EUR/USD, Greek stocks fall. Is there a connection?
No, I am not saying that because of Greek stocks’ falling prices, EUR/USD is expected to dive as well. Although that was the case a year ago, this time the trendline drawn on the EUR/USD chart indicates the 12-month uptrend, while Greek General Index has already gone south of the 200-day moving average. A likely breakdown below 800 points will hit a lot of stop loss orders, sending the Greek stock market again to the bottom. Would...
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