Noob Currency Trader: 09/06/18

Thursday, September 6, 2018

CryptoCurrency News: Crypto and Stock Trading Startup Robinhood Is Eyeing an IPO

Mobile investment app Robinhood that launched a zero-fee crypto trading service this year is now searching for a CFO as it prepares for going public.

via CoinDesk

CryptoCurrency News: The Creator of Proof-of-Stake Thinks He Finally Figured It Out

Pseudonymous developer Sunny King, the creator of proof-of-stake, has a new approach for the consensus mechanism – and it revolves around hardware.

via CoinDesk

[FOREX TIP] USDJPY Bullish Gartley Harmonic Pattern – 6th Sept 2018

USDJPY Bullish Gartley Harmonic Pattern – 6th Sept 2018

We have a Completed Bullish Gartley Harmonic Pattern in USDJPY today.
This is on a H4 time frame.
Enter into a buy position at D or the price of 110.400 (or as close as possible to it).
We target to exit with a Take Profit Target of 110.800.
2nd Take Profit Target is at 111.000.
Good luck with the trade.

Buy Price: 110.400 (or as close to it as possible)
Stop Loss: 109.900
Take Profit Target: 1199.00

Want to learn how to trade Harmonic Patterns?
Download Our Free Harmonic Trading Strategy Here

The post USDJPY Bullish Gartley Harmonic Pattern – 6th Sept 2018 appeared first on Advanced Forex Strategies.

from Advanced Forex Strategies

CryptoCurrency News: Winklevoss Brothers Win Patent for Crypto Key Storage System

Winklevoss IP, LLC has won a patent outlining how it may use air-gapped computers to protect cryptocurrency keys from theft.

via CoinDesk

CryptoCurrency News: New York Man Pleads Guilty to $1.8 Million Ether Robbery

Louis Meza admitted to kidnapping and stealing $1.8 million in ether as part of a plea deal. He may be sentenced to 10 years in prison as a result.

via CoinDesk

CryptoCurrency News: Uzbekistan Looks to Lure Crypto Exchanges With New Tax Benefits

Uzbekistan's government is looking to attract crypto exchanges with a number of tax and regulatory benefits, according to a presidential order.

via CoinDesk

CryptoCurrency News: Survey: Nearly 80% of Americans Have Heard of Bitcoin

A YouGov survey of roughly 1,200 Americans found that 48 percent of millennials are interested in using cryptocurrencies as a primary form of payment.

via CoinDesk

CryptoCurrency News: Stock Brokerage EF Hutton to Launch Crypto Reports for 'Confused' Investors

Stock brokerage EF Hutton is launching subscription-based cryptocurrency research reports aimed to educate "confused" investors.

via CoinDesk

CryptoCurrency News: Circle Taps Former US Homeland Security Official as New Legal Chief

Crypto startup Circle has hired a former Department of Homeland Security general counsel as its new chief legal officer.

via CoinDesk

CryptoCurrency News: Grayscale Launches Investment Trust for Zen Cryptocurrency

Grayscale Investments announced Thursday morning that the new Zen Investment Trust is now open to accredited or institutional investors.

via CoinDesk

CryptoCurrency News: Iran's Recognition of Crypto Mining Prompts Local Bitcoin Price Spike

The Iranian government has recognized bitcoin mining as a lawful activity, briefly sending bitcoin prices to record levels at the country's exchanges.

via CoinDesk

CryptoCurrency News: Bitcoin's Double-Digit Drop Negates Long-Term Bull Market

Bitcoin's 13 percent slide in the last 24 hours has neutralized the long-term bullish reversal suggested on the technical charts earlier this week.

via CoinDesk

CryptoCurrency News: IBM Makes Another Blockchain Identity Play With Health Data App

IBM is working with Hu-manity.co, whose Android and IOS mobile app gives users a title of ownership, akin to a property deed, for their personal data.

via CoinDesk

CryptoCurrency News: Crypto Exchange Kraken Denies Rumor of Office Closure, Security Breach

Crypto exchange Kraken has denied a rumor that it is shutting down operations in a Canadian office, but did not comment on alleged staff layoffs.

via CoinDesk

CryptoCurrency News: Chinese City Is Using Blockchain to Track Convicts on Parole

Convicts on parole in the southern Chinese city of Zhongshan can now find themselves being tracked over a blockchain network.

via CoinDesk

CryptoCurrency News: How to Make Public Blockchains Safe for Enterprise Use

In order to make public networks secure enough for enterprise use, two key things must happen, says EY's Paul Brody.

via CoinDesk

[FOREX TIP] GBPJPY Price Action Analysis – 6th Sept 2018

GBPJPY made a surprising move yesterday. The pair made a Double Bottom on the H4 chart and broke the Neck line of that Double Bottom. The price headed towards the breakout level and it is now right at that level. If this level is held and it produces an H4 Bullish reversal candle, then we might get an opportunity to go long on the pair and make some green pips. Let us have a look at the H4 GBPJPY chart.

GBPJPY Price Action Analysis – 6th Sept 2018

See that massive H4 Bullish candle. It had a strong rejection as well. Nevertheless, it ended up being an H4 Bullish candle. The level of 143.540 is the level where the price had reacted earlier. If this level produces an H4 Bullish reversal candle and makes a breakout at the level of 144.010, then the price would head towards the level of 144.930 without having that many pauses. Let us have a look at the summary of the trade…

Buy Stop Order: 144.010
Stop Loss: 143.540
Take Profit: 144.930
Validity: 72 hours
Whenever possible, move the stop loss to the entry price and whenever you want, you can take profit anytime as long as you feel comfortable

We have to be careful with our floating entries since tomorrow NFP is to release its monthly “Unemployment Data”. It could create extreme volatility and wipe our Stop losses off. If we take any entry today as far as the technical analysis is concerned, we should exit at least four hours before the NFP releases. To be safe, we should only look for opportunities on the Daily chart tomorrow. The best thing to do would be taking entries after the news hour.

The post GBPJPY Price Action Analysis – 6th Sept 2018 appeared first on Advanced Forex Strategies.