Bitcoin prices hit a high of 2929 on July 31st overnight but subsequently dropped to 2700 during the August 1 morning hours. The main intention is to supportRead more
The news adds to speculation that Paypal is becoming more favorable towards Bitcoin, and may eventually integrate it into their own payment processing system. Sources: Tradehill Shuts DownRead more
or simply being forced out of their positions. The Advantages of The Average True Range Strategy. This could be traded profitably simply by going long or short at 9am if the conditions or right, or it can be used as a model to tell you when to day trade currency pairs and in which direction. Average True Range Strategy, using the Average True Range Strategy as a Breakout Strategy. Therefore, a trader using such a strategy seeks to gain an edge from the tendency of prices to bounce off previously established highs and lows.
Meaning that when the volatility indicator, in this case, the ATR bitcoin miner payout spikes, it signals a potential strong move (in either direction) and when volatility falls, prices tend to remain flat or trade sideways. The market state that best suits this type of strategy is stable and volatile. One of the biggest advantages being that the indicator can be used with any existing trading system and the ATR values can be used to place the take profit and stop loss levels. Set your stop loss at 30 pips and your take profit at 60 pips. Thus recent highs and lows are the yardstick by which current prices are evaluated. A common mistake made by many Forex traders is overcomplicating technical analysis. Very simply, if the price is up already, there is a higher probability that the price will end the New York session up even further, and vice versa if the price is down.