SFP: Swing Failure Pattern
The Swing Failure Pattern (SFP) is a type of reversal pattern that provides buy or sell signals based on the failure of the price to continue its trend. What is a Swing Failure Pattern? How to Use Swing Failure Patterns
SMC: Smart Money Concepts
Smart Money Concepts (SMC) refer to the strategies and practices employed by institutional investors and market experts to make informed and strategic investment decisions. What is Smart Money? The term “smart money” originally referred to the bets made by professional gamblers with a track record of success. In the context of finance, it refers to
Understanding MACD: Moving Average Convergence Divergence
The Moving Average Convergence Divergence (MACD) is a popular trend-following momentum indicator used in technical analysis to gauge the strength, direction, and duration of a trend. It helps traders identify potential buy and sell signals based on the relationship between two moving averages of a security’s price. Parts of MACD MACD Formula MACD=12-Period EMA−26-Period EMA\text{MACD} = \text{12-Period
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Avoiding the Trap of Lifestyle Inflation in Your Developer Career
As developers advance in their careers, they often experience lifestyle inflation, where increased income leads to higher expenses and a perpetual feeling of financial strain. Despite earning more than when they started, many find themselves struggling to make ends meet due to the relentless pursuit of a higher standard of living. Lifestyle inflation is a
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Laravel’s Concept of Gates and Policies
Laravel’s authorization mechanisms, gates, and policies can be likened to security measures at an airport. Gates function as the initial checkpoints, akin to security screenings, where travelers are checked against general criteria before proceeding to specific areas. For example, only administrators may pass through the “Admin Dashboard” gate. On the other hand, policies are like
Abstraction in Life: Simplifying Complexity
Abstraction in life is akin to following a recipe to bake a cake. Just as a recipe simplifies the intricate chemistry and mechanics involved in baking, abstraction helps us navigate the complexities of the world by using simpler representations of complex ideas. Language as Abstraction Consider language as one of the most fundamental forms of
Microsoft Open Source Strategy
In the tech world, big companies like Microsoft sometimes act friendly toward open-source software, but it’s not always smooth sailing. Let’s take a look at Microsoft’s past and see how they’ve dealt with open source, using simple words to explain. Being Friendly (Embrace): At first, Microsoft started to be more friendly to open source. They
Firebase Alternatives: Open-Source and Cost-Effective BaaS Platforms
Looking for an alternative to Firebase? Check out these open-source and cost-effective BaaS platforms for fast and scalable app development, including Parse Server, Strapi, Firebase Alternative, Nhost, AWS Amplify, and Hasura. Firebase is a Backend-as-a-Service (BaaS) platform that provides a variety of tools and services for web and mobile app development. However, it may not
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Inodes vs Gigabytes
Find the difference between Inode and Gigabytes or GB Inodes and GB (gigabytes) are two different ways of measuring data storage in a file system. GB (gigabytes) is a unit of measurement for data storage capacity that refers to the amount of digital data stored on a disk drive. GB is used to measure the
How OAuth2 works?
Explaining in simple terms, the “magic” behind the mystery of OAuth. OAuth2 is a protocol for granting limited access to a user’s online resources (e.g., Facebook account) to third-party applications (e.g., a quiz app). Here’s how it works: This process allows the user to grant permission to a third-party app without sharing their login credentials,