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venzen commented Apr 19, 2013sounds good, but then again: i'd rather have me some galactic currency, bitcoins, than a gold coin with an ugly engraving on it
besides, when it's all gone Mad Max out there, who is going to accept a potentially fake gold coin in exchange for ...
Gold slide flashes warning signs for global economy
- venzen commented Apr 19, 2013
Good discussion here. To which I want to add that it is absolutely true that the markets are predicated upon human emotions and psychology. This premis gives us a proper understanding of what we are dealing with: hope and fear. It is not the ...
Gold slide flashes warning signs for global economy
- venzen replied Apr 18, 2013
hehehe! but if the discount goes from 50% to 61.8%... it's probably a bargain with money back guarantee!
Why do people use Fibonacci in trading?
- venzen commented Apr 18, 2013
So the Fed are tugging at the ol' heartstrings these days, ey? salt o'the earth, i tell ya. salt o'the earth. Hey... Raskin... isn't he the guy that co-wrote "Stability in Iceland" just before the previous crash? Oh no, that was Mishkin. Raskin and ...
Raskin: Aspects of Inequality in the Recent Business Cycle
- venzen commented Apr 18, 2013
JJ Cale (edit: yes, Clapton did a version) and: If you got bad news You want to kick them blues Cocaine.
BOC’s Carney: US economy breaking out
- venzen commented Apr 18, 2013
hahaha! (i changed my comment to be more, erm, apt)
BOC’s Carney: US economy breaking out
- venzen commented Apr 18, 2013
If you want to get down Down on the ground Cocaine.
BOC’s Carney: US economy breaking out
- venzen replied Apr 18, 2013
Robert Prechter is considered the expert on the Fibonacci basis of price movement in markets. A precis of his findings (and the work of RN Elliott) in a paper: "The mathematical basis of History" Another link which explores fractal manifestations ...
Why do people use Fibonacci in trading?
- venzen commented Apr 18, 2013
that's not all those conieving thieves did: they purposely isolated me for trade frustration by turning the market against each of my short trades in the past 12 months. bastards! And just because I choose to read Chomsky for leisure.
Fed and Bank of Japan caused gold crash
- venzen commented Apr 18, 2013
the stories on ZH are great and the comments below each are even better! yes, indeed, by EW estimation, all of the Dow upside since 2009 is a correction to the true direction which is down. or, eh, is it the otherway round? (can't keep track of all ...
Massive Fertilizer Plant Explosion Shakes Texas, Town Evacuated, Toxic Fumes, Up To 70 Dead
- venzen commented Apr 18, 2013
This is relevant to me because it signals 2 things: 1. Domestic descension (insurgency) may be on the rise in the US 2. The "Wall Street government" uses events like this to cry terror and then up the fear level of it's citizens as a means of ...
Massive Fertilizer Plant Explosion Shakes Texas, Town Evacuated, Toxic Fumes, Up To 70 Dead
- venzen replied Apr 18, 2013
Exactly. If true, and if referenced, this needs to be challenged. But I cannot stop trading because of it. I am committed to this path and am enjoying the path of it. I have profitable positions open and feel more confident than ever about my ...
Why do people use Fibonacci in trading?
- venzen replied Apr 18, 2013
You are shouting and highlighting an inconvenient truth about the retail forex market in a forex trader's forum. You are stressing the point that trading is gambling and essentially a pointless endevour since the odds are stacked, statistically, ...
Why do people use Fibonacci in trading?
- venzen replied Apr 17, 2013
if your intention is truly benevolent, "my friend", then qualify your statement.
Why do people use Fibonacci in trading?
- venzen replied Apr 17, 2013
There are some cynics posting on here that make me laugh. I employ Fib ratios combined with Elliott Wave Principle (itself a Fib-based method) for every trade I execute. For me, there is no question about the application of Fib levels in TA and PA. ...
Why do people use Fibonacci in trading?
- venzen commented Apr 17, 2013
right, so now it's "worries over the recovery" and copper as a leading indicator... these journalists really know how to see the causal relationship between things. How about: "Stocks tumble because everything is effed"
Stocks tumble as copper enters bear market
- venzen replied Apr 17, 2013
On the topic. I use Fibonacci in my analysis and trading because it represents the principle of growth and decay in the Universe, which by extension, manifests in the mass psychology of the markets. PA respects Fib ratios and sometimes an important ...
Why do people use Fibonacci in trading?
- venzen replied Apr 17, 2013
I have noticed this person posting with extreme vitriol and negativity in other threads. Maybe it is just a passing psychological state - look at the poster's sentiment on their profile: Bullish Gold since March 2013. Strong conviction. I would be ...
Why do people use Fibonacci in trading?
- venzen commented Apr 16, 2013
As traders we look at the same charts every day and often our analysis is clouded by our assumptions and hopes for PA. To have another analyst give their description of a chart and its features can give you a whole new perspective on a picture that ...
GBP/USD – Signs of Bullish Continuation