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Wednesday, November 25, 2015

30-Minute EUR/USD Trade Today

Will this EUR/USD trade hit its target? I sure hope so! Classic divergence trade with a Pin-Bar. risj is about 27 pips and I have placed a take-profit order at 44 pips. The 1.0638 level has held as support/resistance quite a bit over the last two days, so I think this area is a good place to get out.

Sunday, November 1, 2015

End of October Forex Trades Analysis

I explain some of the profitable trades I took in the past week, and also some of the failed ones. The Pin-Bar formations do work, but not 100% of the time, so you have to swing for the bigger wins.

Friday, October 30, 2015

GBP/USD Long Trade, hold over the weekend or not?

I got myself into this long position on the GBP/USD forex pair yesterday. I entered at the break of the that big bullish engulfing bar and so far the trade has gone in my favor about 55 pips. I have moved the stop to break-even and the plan here is to wait for price to hit my take-profit order at 1.53919. If that take-profit orders doesn't get hit today, I will keep the trade open over the weekend, which can be risky. I have had several situations in the past where the market opens on Sunday evening with a huge gap bellow my stop-loss, but those usually happen when there is some kind of economic calamity or some central bank intervention.

Thursday, October 22, 2015

200 Pip GBP/USD Short Trade

I put in a sell-stop order at 1.54717 on the GBP/USD this morning. This trade is up about 90 pips so far, but I am aiming for 200. This was a pretty standard RSI divergence trade with a Pin-Bar. I have moved my stop to break-even at this point, so there is no more risk on this trade, only profit potential. Will the market drop all the way down to my take-profit order at 1.5274??? I guess we'll find out.

Sunday, October 18, 2015

The State of Gridcoin: Charts, Statistics and Figures

Gridcoin was in a sideways lull for most of the summer, oscillating between 300-400 Satoshis on Bittrex and Poloniex, but the past two months have been very exciting - to say the least. September ushered in a massive bull market that has propelled this innovative cryptocurrency to a new all-time high of 2088 Satoshis (0.00002088) - a six-fold increase in the space of two months! According to figures provided by Coinmarketcap, Gridcoin is currently ranked 20th with a market capitalization of $1,809,350.

Membership Statistics:

This rapid appreciation of the GRC/BTC exchange rate has also had very tangible knock-on effects on the growth of Gridcoin's user base. I compiled some figures from, which very clearly illustrate this trend. Team Gridcoin had a steady influx of new members throughout the month of August, averaging about 2.9 new members per day, with a few sporadic jumps here and there.


However, the data for September clearly shows a surge in new Boinc members joining Gridcoin. The average jumps to 7.5 new members per day, with a total of 225 new members for the month of September.


Although there is still two weeks left of October, the membership statistics for this month are even more telling. Team Gridcoin has received 260 new members in the last 17 days, and is currently averaging about 15.3 new members per day. That is almost double the average of September and we're only half way through October!


Faucet Statistics:

Gridcoin's official faucet provides a small amount of GRC to newcomers who can show that they have already joined team Gridcoin, and have done some work on the Boinc project of their choosing.
Log data provided by the official Gridcoin faucet shows a very sizable increase in the amount of faucet request, and also in the amount of disbursed GRC in the past two months. Data for September revealed 103 unique faucet requests, which totaled about 30,074 GRC. The first 17 days of October posted much higher figures, coming in at 248 requests and approximately 82908.3 GRC being dispensed.

Other Developments:

The recent streak of good fortune the Gridcoin community has experienced over the past two months seems to have caught the attention of one prominent Australian economist, John Quiggin. In one of his recent articles on digital currencies (Bitcoins are a waste of energy - literally), Quiggin points out the 'useless' nature of the calculations performed in the Bitcoin mining process and the environmental damage that will result if this type of mining continues unabated.
"In essence, the creation of a new Bitcoin requires the performance of a complex calculation that has no value except to show that it has been done."
"Fortunately, it's unlikely that Bitcoin will survive long enough to generate the environmental disaster that would arise if it became a major part of the financial system."
In contrast to Bitcoin's POW (Proof-of-Work) mining, Gridcoin was specifically designed to divert electricity to Boinc scientific distributed computing projects via its POR (Proof-of-Research) mining algorithm. This is probably why John Quiggin took a liking to Gridcoin on Twitter:


Based on the membership figures and faucet data, it would appear that the recent price increase has provided sufficient incentive for many miners and first-time digital currency users to join the altruistic vision behind Gridcoin. If GRC/BTC continues to drift higher, or even if it trades in the current range, it would not surprise me to see an even bigger influx of new Boinc members in November and December.


Saturday, October 17, 2015

Forex Trade Analysis for 2015-10-16

This past week wasn't so hot. I had lots of break-even trades and lots of small losers that really added up. I did have two good trades that gave some pips, but they were not enough to offset those pesky little loosing trades. Moral of the story: let your winners run!

Wednesday, October 7, 2015

The Free Gridcoins Guide

There are several different methods by which you can expand you Gridcoin holdings without spending a single penny of your own funds. The quickest way to obtain GRC is through the faucet system that several generous members of the community have setup. The faucets are designed to get newcomers familiar with digital currencies and to also give a small amount of Gridcoins to existing Boinc participants in order to welcome them into the Gridcoin ecosystem.


Official Gridcoin Faucet:

Rules: This faucet is pretty strict as it only dispenses coins to first time users that have a RAC (recent average Boinc credit) of 100 or more. The faucet also records the IP address of past users as a security measure to prevent abuse from malicious entities. If you are a new user and would like to request coins from this faucet: make sure to join team Gridcoin when you signup for the Boinc project of your choosing! If you are not part of team Gridcoin on the Boinc network, then the faucet will refuse to dispense coins. This faucet also dispenses the largest amount of GRC from all the faucets. New users will receive a randomly chosen amount (100 to 500). All credit for this faucet goes to the inventor of Gridcoin, Rob Halförd. Faucet:

Rules: This faucet dispenses 1-3 Gridcoins every 3 hours and does not record IP address of past users. The only limitation is that the same IP cannot request coins within 3 hours of a previous request. This faucet is operated by a long-time member of Gridcoin community, sEpuLchEr.

Cryptospout's Hourly Gridcoin Research Faucet:
Rules: This faucet dispense GRC every hour, but in much smaller amounts than the other faucets. The amounts are usually between 0.194 on the low end, and up to 0.389 on the high end. 


Rules: The USCore page is run by GRC Nation, an enthusisat Gridcoin community based in Germany. USCore isn't really a faucet in the traditional sense, and users are required submit their email address in order to receive the free coins.

Tip Bots:

Another great way to receive and earn some GRC is to join the Gridcoin IRC chat on Freenode. Many members of the community frequently 'Tip' members of the chat group for helping out new members and contributing useful content. Sometimes you may even get tipped because someone just happens to be in a very generous mood:


IRC Games:

There is another IRC channel where users can play various games and earn GRC for winning: Gridcoin-Games. The games do not require any monetary investment from users and are actually quite fun to play. Some games such as "Scramble" require users to decipher words in order to get a small 1-2 GRC reward. If you can't invest much or have some spare time to kill and want to have some fun, the games IRC channel is a great way to kill some time and maybe win some coins.

The official Gridcoin forum is full of generous members who frequently go out of their way to assist newcomers with advice and small amounts of GRC: