Forex $1 MM Challenge…The Fat Tail Theory

After one takes enough trades, the results will follow a normal distribution where the probability of those returns will move between the mean and three standard deviations, either positive or negative, is approximately 99.7%. This means that the probability of returns moving more than three standard deviations beyond the mean is 0.3%.  The fat tail theory states a very small percent of your trades will move beyond three standard deviations.


A simpler version of the fat tail theory is Pareto’s Rule. The Pareto principle (also known as the 80/20 rule, the law of the vital few) as it relates to trading

Take a Coin Flip on LTC at the $75 Level

Couple days back I spoke about the price of Litecoin and how it’s knocking back and forth at this 75 level, a former support then resistance now maybe support again.
Any one have a quarter I can flip?
As you can see in the chart price is right at that level as I type this and I’m going to take a gamble.  The reason I say gamble is there really isn’t a clear entry signal.
Basically we just got a little stair step up above the level again and now price is either preparing to stair step up again or go back below


On 4hr chart, clinging on consolidation along the channel top. Possible pullback and retest again to form double top around 5800 zone resistance. stoch and price bear divergence. On weekly, TD13 possible reversal ahead.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
Network Value to Transactions Ratio :118
Total marketcap :182
Dominance :55.7
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :

Building Minnows: New Steemian to follow and SBI Sponsoring [W1]

Since yesterday I am following @mrhill , one steemian enrolled on September 2017 but he became active on January this year.

He wrote an amazing post about running with a non very attractive title but with a good level of quality in the topic inside. He explains his thoughts and feelings about being a consistent runner as well as his opinion about Murakami’s book which I fully recommend you to read if you are a runner (“What I talk about when I talk about running”).

Besides that post, @mrhill ‘s blog looks very interesting, being a sportive man, he is an active user of @actifit, which posts have nice stories and pics inside which I appreciate more than the typical Actifit post without nothing to say but the count done.

Also he writes about Child Literature and Education, he is a teacher also, both topics are very interesting to me since these posts can help me with my children as well…

SBI Sponsoring

I’ve been thinking for some time on how to help those active steemians whom I consider good content creators and who are struggling on their way for becoming Minnow.

I thought for a while about delegating some SP on them but, honestly I am not a big dolphin and the current Market situation does not help a lot in order to not lose excessively my already tiny Voting Power, even if it is a temporary action. Actually, I decided that only would delegate part of my stake to someone who I consider in a really “need condition”.

Then, I had a second look back to the @steembasicincome initiative, which I supported and used long time ago and from which I am receiving some small intensity upvote on my posts from time to time… I think that now that I am a small dolphin, @steembasicincome can be a good tool for me in order to support those steemians I would like to help while also increasing my shares there thus, somehow, both are benefiting for this action.

I am going to do this action in a weekly basis. For the current week my SBI shares are going to:



The two first are really good steemians and runners as well, is my fellow colleague at @runningproject initiative and @marenontherun I know her since long time ago also because she is part of the @runningproject ‘s family. I am contributing with this action to the #tenKminnows and #maybeaminnow initiatives. Thanks to @steevc to arrange them.

Steem on.


Cree, Inc. Changes Up Their Strategy

Cree, Inc. provides lighting-class light emitting diode (LED), lighting, and semiconductor products for power and radio-frequency (RF) applications in the United States, China, Europe, South Korea, Japan, Malaysia, Taiwan, and internationally. It operates in three segments: Wolfspeed, LED Products, and Lighting Products.

Cree was the it company years ago because when LED were just coming onto the scene, they were the leaders in the field.  However, Cree couldn’t hold the lead and it became evident when they announced their quarterly earnings this past week.

The company reported fiscal third-quarter net losses of $227.9 million, or 22 cents a share, compared with losses

$CSCO is a buy on the pullback

Cisco has a Very very strong uptrend as you can see here. Considering we are in a “tech strong” market again after the Christmas Eve lows, it is no surprise that this uptrend has been so strong for multiple months. If you have been watching this strength and been waiting for a pullback, now might be your chance!

I am looking for many of these small pullbacks to buy into tech companies here. Until the signals say get out, you have to respect the price again. Many have taken back the 200 day MA which initiate higher prices usually. We will

Warren Doesn’t Know What He Is Talking About

Berkshire Hathaway’s annual meeting is coming up and it’s a big thing. Classrooms and hotel meeting rooms around Omaha fill up with investors to learn more about the trading philosophies of Warren Buffett before the main event.

In a comment made ahead of Berkshire Hathaway’s annual meeting, Warren Buffett had this to say about Bitcoin:

“It’s a gambling device… there’s been a lot of frauds connected with it. There’s been disappearances, so there’s a lot lost on it. Bitcoin hasn’t produced anything,” Buffett told a group of reporters ahead of Berkshire Hathaway’s annual meeting at the CHI Health Center in

Crypto Contest May 5: Presearch

Presearch (HitBTC: PREBTC) has broken out of the triangle pattern in the daily chart.

(Chart courtesy of (log scale))

Elliott Wave Analysis

In Elliott Wave terms, Presearch began a wave one advance on February 17. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on March 12, and the red wave two (blue sub-waves a-b-c) correction ended on May 3. If this wave count is correct, Presearch should be heading next towards the March 12 peak in the red wave three.

(Chart courtesy of (log scale))


Presearch is a decentralized search engine. You can view their intro video below.

(Sources: Presearch and YouTube)

How can I vote? Where is

STEEM is Back Down to the All Time Low Against BITCOIN

The past two months have been pretty ugly for the price of steem against bitcoin, yikes!
Back at the low, now what?
The chart within this post is that of a weekly timeframe being we had to go back sometime to find this price level.  The all time low set back in in early March of 2017 is being revisited.  That low price bottomed out at .00005750 satoshis against bitcoin.
Price is currently sitting at .00005871 after another down move today.  At this point it is inevitable that we touch that 5750 low, what happens from there is anyone’s guess.
Steem has been in

Forex Relative Strength Analysis Report For Week Starting 5/4/19

Some of the world’s currencies are accepted for most international transactions. The most popular currencies are accepted for most international transactions are the U.S. dollar, the euro, and the yen. However, the U.S. dollar is the most popular. And in the foreign exchange market 90 of forex trading involves the U.S. dollar.  Thus, when assessing the relative strength of the most popular currencies in the world, it’s always against the U.S. dollar, using the daily time frame chart.

The “major” forex currency pairs are the major countries that are paired with the U.S. dollar (the nicknames of the majors are in