THE BRITISH POUND SURGES FROM THE ASHES WITH A BULL MARUBUZO, AFTER A DOJI DRAGONFLY CANDLESTICK, ON THE BACK OF STRONGER THAN EXPECTED CPI DATA, SIGNAL THAT UK CONSUMERS HAVE BEEN SPENDING, WHILE THE POSSIBILITY OF THE UK ECONOMY REBOUNDING DECENTLY, GIVEN ALSO THE POTENTIAL AVAILABILITY OF A UK MADE VACCINE READY TO BE DEPLOYED IN WINTER Q4.THE GBP/USD CHART HINTS TO FEW TECHNICAL POINTS THAT SUPPORT THE BUY SIGNAL IN THE BRITISH POUND: THE RSI(14) OSCILLATOR MOVES HIGHER ON A DOUBLE BOTTOM PATTERN, THE ICHIMOKU TENKAN LINE PROVIDES SUPPORT, WHILE ALSO HAVING MOVED THROUGH THE IKH KIJUN LINE AS A BUY SIGNAL, FURTHERMORE CLEARING OFF THE GBP/USD 1.2698 200 DAYS MOVING AVERAGE CAN EVENTUALLY GIVE A CONSISTENT BUY SIGNAL WITH CONCRETE MARKET POSSIBILITY OF CABLE MOVING TOWARD GBP/USD 1.30 IN A +3.0%.HAVING SAID THAT, WORTH TO NOTICE THAT IN THE LONGER TERM, A PERMANENT BUY SIGNAL FOR THE POUND WOULD REQUIRE A FLOOR EXCHANGE RATE OF GBP/USD 1.40 AND ABOVE, THEREOF A SHORT TERM UPSIDE MOVE +3.0% TO GBP/USD 1.30 DOES NOT PROVIDE A LONGER HORIZON FORECAST; IN SO A CONSISTENT CHANGE IN THE BRITISH WILL REQUIRE AN OVERALL LONGER TERM CHANGE IN MARKET POSITIONING AMONG ASSETS MANAGERS/INSTITUTIONAL INVESTORS AND LEVERAGED FUND THAT HAVE HEAVILY SKEWED POSITION SHORT ON GBP/USD. IN FACT FOR AN OVERALL 105 MOST RELEVANT FOREX MARKETS INVESTORS, 57 BETWEEN ASSETS MANAGERS/INSTITUTIONAL AND LEVERAGE FUNDS ARE CONSISTENTLY SHORT ON THE BRITISH POUND FOR AN OVERALL 128,805 CONTRACTS IN A TOTAL 180,969 CONTRACTS.
Sharing my build and overclocking experience. i7 8700k, GTX 1080, 16GB RAM, 500GB SSD. 110k build.
TL;DR Specifications CPU: i7 8700k, running at all core OC of 5Ghz at 1.35V, 26k\* GPU: EVGA GTX 1080 iCX, running at 2100Mhz core OC, 25k\* RAM: 16 GB 16CL 3000 memory. Running XMP profile, 7k\* Mobo: MSI z370, 11k CPU cooler: Coolermaster ma620P, 4k Storage: Samsung 860 EVO 500 GB sata SSD, 4.3k\* Case: Cooler master MB500, 5k PSU: Antec 650W semi modular, 4.5k Monitor: LG 24 inch 144hz panel. 20.5k PRICE: 25k\(gpu) + 40k\**(cpu, ram, ssd) + 45k(monitor, case, psu, mb, cooler)= Rs. 1,10,000 *bought from USA during black friday sale. Photo: https://imgur.com/nGue1GI STORY So my parents had recently bought a new flat and we were thinking of moving there. I always wanted a desktop PC in my room but because of the current room's small size and the fact that I had to share it with my brother I was not able to do that. In the new place, I would have my own room so the dream of building a PC which seemed distant before now was a real possibility and it made me really excited. I had been using an HP omen 2017 with a GTX 1050 for gaming previously but I really wanted to experience 1080p 144hz gaming, especially games like PUBG. So I began my research on the hardware and started making a PC part list. THE GPU STORY: Meanwhile, a really good friend of mine was on a trip to the USA and told me that he was buying a second-hand GTX 1080 for himself. I seized this opportunity to convince my friend to help me out and arrange another second-hand GTX 1080 for me as well. He finally pulled it through and got me the first piece of my computer. This costed me around 25k as after the conversion charges and all. He got it for $350. Got an iCX model for me and ACX 3.0 model for himself. The pair together looked so cool. Gotta admit, the Americans really keep their tech clean. https://imgur.com/pvQYyA3 Comparing this to the prices in India just reminded me how sweet the deal was. Though checking prices for other PC parts got my josh to a stop. Though it was high again when I got to know that another friend doing his MS from the US was soon going to come to India on vacations. So back to the PC partpicker website we were. and the research took a full swing. THE CPU STORY: As my primary use of the desktop was gaming (and maybe streaming later), I started with an i5 8600k processor but quickly changed it to R7 2700 as it came with a stock cooler and paste. In an attempt to save money on an already expensive build. I was saving at least 12k on CPU, ram, and motherboard by sourcing them from America. The rates here are pathetic. Soon we got the news that the 9th gen processors would soon be releasing but seeing intel's stocks history, we decided not to wait for them. The 9900K had launched but it was really out of the budget. Watching reviews from the tech Jesus from GamersNexus it was clear that i5 was shitty when it came to streaming and gaming. and an R7 2700 needed around 1.4V to get a 4.2Ghz all core OC stable which could get us within 10 percent of the 8700k. I later decided to change the CPU to the x version of 2700 because of the beefy stock cooler and better binning which i thought would let me reach 4.2 all core OC without a problem with a price increase of just $50 that is around 3.5k. Chose an ASUS x470 motherboard to go along with this as it has a 6 phase VRM which we heard is really important when overclocking an 8 core 16 thread processor like the 2700X. I later read that the OC on 2700x did not improve gaming performance by much as the XFR was doing its thing really well. So, I thought of saving some cash on the motherboard by pairing it with an MSI B450 motherboard. This was also considering the weather conditions in India might not have allowed me to keep my 8 core CPU running OC 4.2 on all cores.Then came the black Friday idea and rates. This brought back the i7 8700k back to the equation again. This was because i was thinking of getting a 144hz panel and higher frame rates were easier on an i7 with a decent OC. Plus I really wanted to experiment with overclocking for fun. The 8700K was also suggested for gaming in many end of the year CPU reviews like LTTs and GamersNexus. The 8700K provided best streamer side fps while shelling out good viewer side performance for realistic encoding bitrates. And I felt I would not really utilize the 8 core 16 threads advantages on my desktop. Set a budget of $650 for the CPU, RAM, and SSD as their sizes were small and my friend could easily get those in his luggage. the final run: Shifted a lot between the 2700x and the 8700k but went for the 8700k in the end for OC adventure, better gaming, and streaming(streamer side fps) performance, and better resale value. The decision was easier as I was getting it for 25k rather than the 40k price point in India. I got the processor for $340. Linus also had recommended the 8700k when it came to price to performance numbers. The ratio bettered when the black Friday sale rates were applied to them. Saved some money on the ram as well, going with a 16GB 3000mHz kit (got it for $100 on the sale) rather than something more which is essential for Ryzen. So, finally bought CPU: i7 8700K $360 RAM: 16GB 3000mHz Ram $100 SSD: 2.5" 860 EVO 500GB SSD $65 total: around 40,000 INR for CPU, RAM, and SSD. (Exchange rate was 73.23, used a FOREX card to place the orders) BACK TO BASICS: NEHRU PLACE No Indian build is complete without travel to the hardware paradise known as Nehru place. MOTHERBOARD: MSI z3700- 11K Der8auer suggested the MSI z370 board as it is cheap and can overclock decently. Went with this, no fight here. CPU COOLER: Coolermaster ma620P- 4k a very beefy cooler. A cooler enough to cool down a 5Ghz OC on an i7 8700K without needing to void the warranty on the chip to change the IHS thermal paste. High on LTT forum's tier wise list for CPU coolers. Almost among the best when it comes to price to performance ratio of air coolers in India. Hyper 212 EVO would not have been able to cool 5Ghz OC down. MONITOR: Went with an LG 24GM79G 144hz 1080p monitor. -20.5K The cheapest and most color accurate TN panel with the best contrast ratios and brightness levels. PSU and CASE: Coolermaster MB500 for case.- 5k A good budget case with 3 stock RGB fans and dust filters. Antec 650w PSU- 4.5k Semi modular. Who needs modular? hehe. Side photo: https://imgur.com/pgcTumV OC ADVENTURE: This was the thing that was the most exciting and fun aspect of this build. After getting the bios, the drivers and the windows update, we got to work. I will be sharing snips of my trials of various settings that I experimented with and just mention the most stable settings here. The settings that I have it running now with absolutely zero problems. I hope this data helps. CPU and RAM: https://imgur.com/ygc2Y2U stable at 5,000mhz all core boost at 1.35V. LLC level 4 with prime95 stable. Max temps reaching around 85 degrees and max power consumption around 160W. AVX offset off. Memory OC, unfortunately, didn't work and I didn't wish to spend a ton of time messing with the timings and the sub timings of the RAM as it would not have lead to a noticeable change in gaming performance. First, I was not trying for small ftts to be stable in prime95 but due to games like PUBG crashing in the middle of matches, I had to increase my voltages to gain the 5Ghz OC that I wanted. note- the performance measurements are not linear as there were some windows updates with patches that decreased the CPU performance by a bit. The temps were recorded while cinebench was rendering. Used Intel burn test for the first pass and the second pass was the prime95 small ffts test. I think I was lucky with this chip and I think I can achieve an easy stable 5.1 if I delid it. GPU: https://imgur.com/FYQlpMW MSI afterburner was used. Final OC was a manual curve modifier with freqs at max voltage reaching 2100 mhz on the core. The power consumption was 220W peak with max temps reaching only a meager 70 degrees in the uniengine heaven bench. power limit was set to 120% and voltage increased to the max. the fans autoed around 55 and the card didn't sound to be that loud. Achieved a score of 3800 on uniengine ultra default settings. COLOR: monitor color settings if anyone is interested. Found it extremely hard to find good color settings on this panel. https://imgur.com/eULWElE B means brightness, C contrast, G gamma. on the right are the monitor color settings with contrast and brightness set to 100. Lessons learned: Using this system has been really fun. I won my first PUBG solo game on this system. I am really glad that I got to build this system, but there are some learning takeaways and personal suggestions that I would like to share with you guys.
The difference between 120hz and 144hz is hardly noticeable. So, a R5 2600 would have been enough to be really honest. I am talking about the perceptual difference and not the difference that the FPS numbers show on the screen. Please save some money and go for a cheaper CPU.
Colors on a TN panel are actually quite disheartening and only go for such a panel if you will mostly play competitive games on your system.
Do not go for an x series CPU if you want to go with AMD. Overclocking is very simple and you can save money by just investing very little time and energy. I did not believe that when I was buying the components but I sure believe it now.
Prime95 small ffts stability is not essential. Intel burn test imo is enough for stability testing the CPU. If the intel burn test passes, then most likely you would not encounter any stability issues.
GTX 2060 is a solid deal for the price. It has comparable performance to the 1080 when OCed with extra features like ray tracing and DLSS.
SSD is essential and I am doing fine with a 500GB SSD as my only drive. You really do not need a lot of space if you just want to game. If you are editing photos or videos then its another thing. I also mostly play one game (offline story sort) at a time so space is not much of an issue.
If you have space, do not buy a gaming laptop. Go for a medium budget gaming desktop (maybe mATX or miniITX form factor), buy a second cheap laptop (only if you really need it) with a small processor which would inevitably mean a long battery life and put an SSD on the laptop. You will be sorted.
Offtopic but- underclock your laptop cpu and gpu using ThrottleStop and Afterburner to increase performance and battery life.
Credits: u/warriorpush for getting the GPU and for picking up parts and building the system along with me I would love to answer questions and listen to suggestions. Please feel free to ask as many questions as possible. Also, DM me if anyone needs help with their build or is shy to ask here.
[EVENT] Algerian Government Publishes Energy Strategy
Algeria today is largely dependent on oil and natural gas, for energy and economic well being. This has served Algeria well over the past many decades, but not as well as some countries which possess much greater reserves of hydrocarbon fuels, however, Algeria has potential for huge exploitation of solar resources, with southern Algeria having some of the highest solar potential in the globe, short of hot-and-high locations such as the Andes and parts of the Tibetan Plateau. However, with the huge distances between Algeria's northern hinterland and the areas of best solar potential, there is a necessity for considerable effort to exploit this potential, as outlined in a government-published report:
Location and distance are two of the major issues to be considered. The best locations are thousands of kilometres from the northern, coastal regions of Algeria where most of the infrastructure and population is located. However, northern Algeria is not much better in terms of solar irradiance than say, Southern Spain, meaning there would be little advantage for foreign investment.
Assuming the location for Algeria's first plants is in the south, near the city of Tamanarasset, where solar energy would be able to produce as much as 2.5MW of energy per year from every square meter of reflectors, transport links would need to be constructed. Primarily a 2000km railway line and a moderately sized airport geared towards receiving cargo. At a minimum cost of $12bn.
Obviously the exact nature of the plants is of critical concern, whatever the shape they take, the technology of the plants should draw heavily from European developments, especially the Spanish Gemasolar plant which, thanks to the use of a molten-salt working and thermal storage medium is capable of continuous operation through the night, giving a very high capacity factor. Algerian plants built around Tamanassaret should be much larger however, and, thanks to the more regular day/night cycle and generally longer sunshine hours in Tamanasarret much higher power output can be achieved with the same number of heliostats.
Algeria has significant (c.40-50bn USD) in forex reserves, but this is very volatile with regards the global oil price. And even these substantial reserves would be significantly depleted by the effort of constructing these plants. The EU should be approached for funding in exchange for providing energy to them.
The outcome of the governments study into these areas has produced the following proposal:
The Algerian Government should incorporate a state-owned corporation, 'AlSol', to construct solar thermal plants in the region of Tamanarasset in southern Algeria.
Initial installation should consist of a pair of Solar Power towers with a nameplate capacity of 500MW each and an expected capacity factor of at least 60%, but preferably 70-75%.
These plants should hopefully be built in some cooperation with the Gemasolar designers Torresol of Spain, to develop these plants as the most advanced in the world.
With an assumed capacity of 65%, the annual generation of these two towers would be able to produce approximately four billion kilowatt/hours a year. Of these, Algeria would propose selling 80% (3.2mnMW/h) to the European Union at a fixed tariff of $60 per MW/h (or an annual tariff of $192mn, the remaining power will remain on the market in Algeria where 800,000 MW/h will supply from the single complex of two Solar Power Towers will supply more than 1% of Algeria's domestic consumption.
The total price of the project outlined is roughly $15bn, of which roughly two thirds falls under the building of new infrastructure to support the two plants. This infrastructure will also allow future expansion. If the construction of previous plants is anything to go by, the lead-in time of Solar Tower plants is relatively short, a mere three to four years, and additional plants could be constructed rapidly after the first has come on-line which would not require commensurate expenditure.
Hello, a site has recently came to my attention and it's another "cypto investment" scam site. I've done a bit of digging into the site, and well and behold, none of the people on the about page actually exist. https://imgur.com/a/mwKtZeh I have managed to trace two of the people in the pictures (who likely had their pictures stolen) Note, it is most likely that these people have no involvement in the scam, but their identity is being stolen and used.
Eline Fernandez- Not a Forex Marketeer, but a entrepreneur and author named Cate Costa
Of course, using fake people, this is obviously a scam. But if you need more proof The address listed (International House, 12 Constance Street, London, UK E16 2DQ) is oftenly used as a virtual address, meaning that no physical office is located here. Now whose really behind the site? I am not sure if this scam is ran by a single or group of people. I have traced down one of them. https://www.facebook.com/gabriel.frederic.56?fref=ufi I had originally believed him to be a victim, however, after some discussion with said individual, I must conclude that he is involved with the scam. Edit: After talking with him about "Leanne Decosta", *Poof* She disappeared off the company board. I may continue to dig further into the site, however, I don't believe any more proof is needed. Fake People, Fake address, Fake Business. More involved people: https://www.facebook.com/profile.php?id=100025496918392&hc_ref=ARSfLnxJLpJXMxIMF5194c_OLnVXV2DIIR5z01uAwlF0bk7bSSlPYdQBQztLLg9gAG0
Advice on first build appreciated, upgrading from Console and Mac
Have you read the sidebar and rules? (Please do) Yes What is your intended use for this build? The more details the better. Been using a MacBook Pro for a few years now and have decided to upgrade. This build is going to be used for gaming, general uni work as well as Forex and Stock trading. If gaming, what kind of performance are you looking for? (Screen resolution, framerate, game settings) Looking for solid performance on max setting in games such as Rainbow Six, Battlefield 1, PUBG, GTA V. Minimum 1440p. I intend on using an Ultrawide and perhaps adding on more monitors in a few years potentially (only for trading though, will only game on one monitor) What is your budget (ballpark is okay)? 4-5k AUD (PC and Peripherals). I am aiming to build a good pc that will last many years without too much upgrading. In what country are you purchasing your parts? Australia Post a draft of your potential build here (specific parts please). Consider formatting your parts list. Don't ask to be spoonfed a build (read the rules!). PCPartPicker part list / Price breakdown by merchant
Provide any additional details you wish below. Due to the current state of GPU prices I intend on using the integrated graphics until the release of new cards at which point I’ll either get a 1080ti for ‘cheaper’ hopefully or pick up the new card. I definitely wouldn’t mind a fair bit of RGB because it adds the option of variety. Need help deciding between the Black and White or Black variant of the h700i. Also not certain on the mouse, was also looking at the g502, open to anything though. Will be using the SSD for Boot Up and Documents/Apps. HDD for storing games. Any advice or opinions on any component/peripheral in the build would be extremely helpful. Thanks NOTE: You do not have to follow this format, but please be sure to answer these questions. Please do not ask to simply be given a build. You are welcome to delete this section.
Fundamental Analysis I believe that for an Altcoin to be worth anything at all, it MUST first have technical aspects which are built with the future in mind. This is what solely determines if a cryptocurrency has the potential for the mid to long term. Even with 5 new altcoins launching everyday, you barely see 1 a month that can last even the mid-term. Then, after that I judge the coins based on 7 mediating factors; developers, community, branding/marketing, popularity/virality, novelty, infrastructure, and liquidity. For more about fundamental analysis and an explanation of these factors, read up on the first few sections in my previous post about picking and trading the next profitable altcoin. In this post, I will focus more on technical analysis and trading strategies instead. With so many coins out there, I like to use these above factors to weed out all the weaker shitcoins, and focus on altcoins which are substantially different from others, and more importantly, provide more value than other cryptocurrencies. After which, I use Technical Analysis to judge entry/exit positions for trading them. What else do you think makes a cryptocurrency fundamentally better than another, and more sustainable as a currency? Technical Analysis Many will probably agree when I say that the Altcoins market is akin to the "penny stocks" of cryptocurrencies. In this sense, most altcoin markets have much lower liquidity, but have much higher volatility. Since there are over 200 different cryptocurrency markets to date, I prefer to narrow down my list of altcoins to a small handful, and buy under-valued coins or trade the breakouts. You're going to find it really tough to be watching more than 5 altcoins at the same time, so I highly suggest keeping your list small, and adapt your watchlist to the fast changing markets. If you're new to technical analysis, here's a really good beginner's video on daytrading Penny Stocks, which also explains the basics of chart reading and an introduction to basic trading jargon that I'll be using throughout this post. The important concepts to take note of are resistances & supports, breakouts that coincide with high volume, and the general idea that "what goes up must come down". See video here: http://www.youtube.com/watch?v=HYK2a77TjvU So after you get the basics sorted out, you should be ready to learn how to trade! I'm gonna break this intermediate technical analysis tutorial down into five main portions, and have compiled videos from other trading experts to give even beginners a better overall idea, and teach you all you need to know to devise your own Bitcoin & Altcoins trading strategy. 1. Top Down Analysis Firstly, lets look at the top down analysis method of reading charts. I always begin by trying to understand the market from a bird eye's view. Compare both charts from a long term period (e.g. 1d) against one from a shorter period (e.g. 15m) to get a holistic view of the market. This will help give you a general perspective of market trends, while peaks & troughs give you an idea of market resistances & supports. Use these basic resistance & support levels to judge entry/exit prices. In general, previous high and low points are new resistances or support depending on where the price is, and points where u can see big breakouts will be the new short term resistance/support. To get a better idea of what I mean, watch these videos by Jason Stapleton who explains top down analysis, resistances & supports, and structure. http://www.youtube.com/watch?v=M9yCc7lD21Q https://www.youtube.com/watch?v=tJmMU-8yicM 2. Retracements The concept of retracements is, in my opinion, the most important one that any trading enthusiast must grasp in order to understand how the markets flow. In essence, a retracement is a temporary price movement against the established trend, and helps us understand that the markets move in wave patterns as highlighted by the Elliott Wave Theory. One way to look at it, as highlighted by this video below, is that most price-actions follow a pullback rule to fibonacci retracement levels (38%, 50%, 62%). http://www.youtube.com/watch?v=7VSWqM0jfIQ The most important concept to take away from this is "what goes up must come down"; that price movements in one direction are always followed by retracements in the opposite direction. Of course, not all movements will follow the same pullbacks, and these levels should only be used as a guide. Here's another video: "Understanding Fibonacci retracement lines: https://www.youtube.com/watch?v=KzHjxPxGzMw". So the question then is, how will we know if this counter-movement price action is a retracement or a reversal? There is no way to say for certain...
3. Trading on Volume Another important concept you need to understand is that large price movements almost always coincide with high trading volume. With this in mind, this is where the liquidity of an altcoin also comes into play; the higher the trade volume of an altcoin, the lower the spreads, and the more likely you will be able to make some profitable trades from it. In general, the trade volume is a good indicator of, and is proportional to the popularity of the altcoin at the current time. Apart from the actual trading volume itself, another good indicator is the change in volume over time; if you realize that the trading volume of an altcoin has been steadily increasing over the last few days, it could be an indication that a big price movement is coming up. 4. Breakout Patterns The last concept I want to share is breakout patterns. Although most people are familiar with this concept, many do not know how to profit from them. This is one of the best tools to use for planning your entry positions, while there are various ways to do so, which are highlighted by these first two videos below: https://www.youtube.com/watch?v=6YZ4ORz-UJ0 http://www.youtube.com/watch?v=3gN-6D8nH0E 5. Advanced Trading Strategies Now comes the fun part: how can we take all that we've learnt so far and put into good use for trading Bitcoin/Altcoins? Here are some pointers for you:
What we've learnt is more of a tool to make better entry and exit positions.
Keep in mind trading the bitcoin & altcoin markets as you watch the rest of these more advanced videos, and I hope you'll be able to gain some insights to build up your Bitcoins & Altcoins trading strategy.
Granted, forex & equities trading is much different from bitcoin or altcoin markets. However, the fundamentals are the same, and you should learn to draw lessons from the strategies talked about in the videos to supplement your bitcoin/altcoins trading strategy.
In the next videos, more advanced trading strategies and chart patterns will be shared. These strategies may seem very specific, but my goal is to give you better understanding of how these analysis tools are used, and to give you an idea of how different tools can be used to develop a single trading setup. The specifics are not important; what I hope to achieve is to open up your minds to new ideas, expand your trading knowledge, and ultimately encourage you to explore a diverse variety of trading strategies. Read up more on some of the main ideas discussed:
Welcome to the 123 MW Forex System. This is unquestionably one of the very best chart setup patterns you will ever meet in your trading career. Once you train your eyes you will notice them all over the place. At the beginning of a new trend, at the end of a retracement, within a trading range, within falling or rising trend. Download Forms. Personal Account Forms; Personal Loans Forms; FCDA Application Forms; SME & Business Forms; Clubs, Societies & NGO’s Forms; Fixed Depost/ Notice Accounts Economic experts and industry captains have predicted another shortage of foreign exchange which would threaten the economic growth. In its half year financial statement for the period ending June 30 2020, Standard Bank plc indicates that the economy will face a shortage in foreign currency supply among others. “The exchange supply is expected to remain … Learn to trade the highly accurate patterns (That work on FOREX, Stocks and Crypto) I personally trade in the markets through my MW Academy, a complete video library ranging from Share ideas, debate tactics, and swap war stories with forex traders from around the world.
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