World Clock (Trader Guide)

Friday, 22 June 2012

Get Paypal With PrizeLive

I have seen PrizeLive, several times already in different PTC ad and in sidebar of some bloggers. Until a friend asked me to sign up and she assisted me on how PrizeLive works.

So here's how it works:
1. Of course, you should have your own account. Click the banner below to sign up:

2. After, clicking the banner you will be redirected to the main page,enter your email address on the upper left corner.

3. Again, you will be redirected to the registration form. Please put on the How did you find us? section "referred by samsoft2012"

4. After hitting the join button, you will receive a confirmation code on your email, check your email and enter the code.

5. Once, verified you can now start earning points, but first, edit your account, and fill up the necessary field. Also fill up the telephone number section to be able to claim your rewards.

6. Download the PrizeBar and you will get 0.25 GC(game credits). Game credits can be used in playing games to earn Points.

7. Go to the forum, and create an introduce yourself thread and gain another 0.25 GC.

8.  Earn points by completing offers, commission from level 1 referrals, owning an offer in the reward section, and by winning in the games we offer. Points can be redeemed in the Rewards section for prizes and gifts. Points can also be converted into Game Credits in order to play Games and to participate in some Contests. 1 point is equal to $1.

9. Log in daily for more offers, more points and GC.

UPDATE: I gained 0.43 points in less than one day.  You can view my profile here. I'll update you how I did it.Click Here to Join.

Wednesday, 20 June 2012

Trading With Pivot Points In Forex

Pivot points have long been used by Forex traders as a means of determining directional changes in the markets.
Pivot points are calculated levels within the market that provide both potential support and resistance levels and also a leading indication as to which way the market might be heading.
The generally held view is that if the market trades above the pivot point, it is seen as having bullish sentiment. Conversely if the market trades below the pivot point it is seen as having bearish sentiment.
As well as providing the actual pivot point, the calculations also provide immediate support and resistance levels in the market known as ‘pivot levels’. These are projections of points where the market may slow up or reverse. Three levels of resistance are calculated above the pivot point as well as three levels of support below the pivot point. These are commonly referred to as R1, R2, R3 and S1, S2, S3.
Pivot Points
Calculations for pivot levels are made from the open, high, low and close prices of a currency pair over a selected time period. These calculations can be made for daily, weekly or even monthly charts.
Pivot points are popular among traders as unlike many technical indicators they are considered a leading rather than a lagging indicator. This is because they signal potential levels of support and resistance in advance of the market reaching these levels.
With many traders using and reacting to pivot points there is a natural tendency for markets to respond to these levels. It is therefore beneficial to maintain an awareness of these pivot levels even if your current strategy relies on separate indicators for defining trade entry and exit points.

Calculating Pivot Points

The calculation of the levels is fairly straightforward. We include the calculation below for those who are interested in calculating their own levels.
To calculate the pivot point on a chosen timeframe you will need the open, high, low and close prices for the currency pair over the selected timeframe. The calculation is as follows:
  • Resistance level 3 (R3) = HIGH + 2 * (Pivot - Low)
  • Resistance 2 (R2) = PIVOT + (R1 - S1)
  • Resistance 1 (R1) = 2 * PIVOT - Low
  • Pivot Point (PP) = ( HIGH + CLOSE + LOW ) / 3
  • Support 1 (S1) = 2 * PIVOT - HIGH
  • Support 2 (S2) = PIVOT - (R1 - S1)
  • Support 3 (S3) = LOW - 2*(High - Pivot)
The three most important pivot points are R1, S1 and the actual pivot point.
Alternatively many sites provide pre-calculated pivots for the major Forex pairs. You can of course generate your own levels by using a pivot point calculator.

Trading with Pivot Points

The basic idea behind pivot point trading is to use a move towards or break of R1 or S1 as an entry point. As the market reaches R2, R3 or S2, S3 it is likely to become increasingly overbought or oversold. These levels are then used as the exit points for the trade.
For example the market is just above the pivot point. Here your initial profit target would be set as R1 with a stop loss placed just below the pivot point. A break of this level would see R2 set up as the next profit target with the stop moved up to just below R1. If R2 is broke then so R3 becomes the new target and the stop is moved to below R2.
The same is true in reverse for short trades, remembering to move the stop loss behind the previous price target as each level is breached.
This approach is particularly suitable for breakouts type trades but it is also possible to successfully trade market pullbacks that occur between the levels.
For example if you identify the trend as ‘long’ and the market pulls back towards S1, you could then enter a trade with a stop just below S1 and an initial profit target of the PP.
While pivot points do not always work as precisely as we have seen here they are useful tool to add to your toolbox. They help to highlight areas of possible support and resistance in the market and can be successfully combined with other technical indicators to help validate trading setups.

Sunday, 21 August 2011

Gaddafi’s last stand

By Sean Lee

Looks like the end might soon be nigh for Gaddafi’s reign in Libya; the Presidential guard has reportedly surrendered and his son has been captured.

The USD is looking reasonably well bid this morning, following on from the recovery which began in late NY trade on Friday after cable traded above 1.66 and USD/JPY below 76.00

A Libyan rebel fighter on the captuyred 27th Bridge, which leads into the centre of Tripoli. Photograph: Filippo Monteforte/AFP/Getty Images.

GBP/CHF Technical Analysis

GbpChf must be able to sustain above that red daily trendline. Otherwise next week it will go down.

Saturday, 13 August 2011

S&P faces inquiry over US downgrade

Regulators are examining the models used by Standard & Poor's after the US government accused the ratings agency of a $2 trillion (£1.2 trillion) error when it downgraded America.


The inquiry is reported to be part of a broader look at McGraw-Hill, S&P's parent company, by the Securities and Exchange Commission.

S&P's decision to strip the US of its AAA rating late on the evening of August 5 prompted a furious exchange between the US Treasury and the agency.

The Treasury, which had been sent S&P's press release on the afternoon of the 5th before it was due to be released later that day, accused analysts at S&P of a "basic math error" that led to the downgrade.

S&P said that the $2 trillion difference in future projections for the deficit was because it and the Treasury were using figures from the Congressional Budget Office to calculate the trajectory for the shortfall over different time frames.

The agency eventually went ahead and cut the US long-term credit rating to AA+ for the first time in its history. Moody's and Fitch, the rival rating agencies, have kept it at AAA.

The SEC is also said to be looking at who knew about the decision to cut the rating before it was made public amid speculation that it was leaked earlier in the day.

A spokesman for S&P said the company's policies "prohibit analysts or rating-committee members from trading and holding securities or options of the companies or governments they rate".

Although many investors had expected S&P to cut its rating, the decision contributed to a second week of volatile trading in stock markets across the world. It also led to speculation that other countries could follow.