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venzen replied Nov 27, 2013knowing a bit about as many analysis methods as possible in the market can only empower you, right?
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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venzen replied Nov 27, 2013This is quite depressing at first glance because one feels that you are trading in a market where you are subject to large movements that are caused by the say-so of a select few. (If I understand the notion of the London Gold Fix correctly). ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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venzen replied Nov 27, 2013LarryLU, Thanks for your detailed reply! Interesting experience you have and it will definitely help you in trading FX. As you say FX is another thing and I find I don't enjoy it so much because I prefer technical analysis but FX often defies TA and ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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venzen replied Nov 26, 2013hi LarryLU, I like the depth info you're relaying: options buyers, orderbook, etc. Where are you getting this info from - I would be interested to 1) be able to work it into my analysis and 2) mine that kind of data for patterns. thanks for it

XAU/USD & XAG/USD - Gold & Silver Traders Thread
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venzen replied Nov 26, 2013hi Pip Anon, Good to see you here and welcome. There are 3 or 4 popular Bitcoin exchanges and the main points to note is that the largest one, Mt.Gox has the highest rates, but it is also known to be unreliable when it comes to fiat pay-outs (take ...
Bitcoin technical analysis
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venzen replied Nov 26, 2013Right, I stuck to my plan and have sold all Bitcoins at $960 this morning. First sign of RSI divergence was the signal. There was reverse divergence shortly after the signal, so Bitcoin will be going higher still. However, I am not going to lament ...
Bitcoin technical analysis
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venzen replied Nov 26, 2013hi chonchy, Good rants! What you mention is all related to Bitcoin, and more generally, to our trading the world economy. So rant on. I try to put my analysis and factual posts only because (as the person who started the thread) I want to remain ...
Bitcoin technical analysis
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venzen replied Nov 26, 2013hi gold11, I have no idea what is going o with the metals. Count the chart one way and they're going for their annual lows; count it another and they're about to blast off higher; another count has them in a sideways triangle with this leg down soon ...
Bitcoin technical analysis
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venzen replied Nov 26, 2013Five waves count complete in Gold, like you say, and what is happening IMO is that we're having the customary B-wave hook down. I had a closer look at the structure of that wave up yesterday, it is definitely an impulse but it seems part of an ABC ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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venzen replied Nov 26, 2013Just to clarify, when i say PA hit the upper channel TL, I mean in Silver. I'm getting clearer PA from Silver, since Gold's PA is a bit of a dog's dinner right now and hard to count or analyse. So, yes, the Silver chart is also ambiguous and it's ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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venzen replied Nov 26, 2013hi Gold-lover, Initially this looked like the start of a new trend up because of the 5 wave structure. However, the wave stopped dead on the descending upper TL of this decline. Given the relentless decline without retracement since the high near ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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venzen replied Nov 26, 2013here's a link to the most popular exchange Mt.Gox: url and here's an insight into the exchange trade data via a third party website. url Basically, the Bitcoin exchange takes the risk of exchanging fiat for Bitcoins and vice versa as clients buy ...
Bitcoin technical analysis
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venzen replied Nov 25, 2013XTrade, if you're familiar with IT then the following link probably explains mining and the Bitcoin virtual existence better than I could: url Another link that may give you an idea of the scope of "mining" activity is this one: url This week is ...
Bitcoin technical analysis
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venzen replied Nov 25, 2013Great re-orientation post XT. The initial waves up from the bottom (in both Gold and Silver) are unmistakably impulse waves - going up in 5 subwaves comprised of 5 sub-subwaves in turn. Very strong upside potential and 1315/20 should be the first ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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venzen replied Nov 25, 2013M15 Triangle Once the triangle completes, we can expect a wave up to the vicinity of 1000. Whether it will reach target or not remains to be seen. A strong profit taking sell-off could happen before PA even gets to 1000. Alternatively, the market ...
Bitcoin technical analysis
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venzen replied Nov 25, 2013experiment: this post sent from Links command line browser... doesn't seem like javascript is working so no image upload. regular BB code works: Silver M15 - breaking out of its downtrend channel image
Bitcoin technical analysis
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venzen replied Nov 25, 2013H6 log scale The Fib tools on the chart are not calibrated to compensate for the skewing being instroduced by the log scale, so they're nothing to go by. However, the count seems pretty standard for an impulse but just in case I missed a count the ...
Bitcoin technical analysis
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venzen commented Nov 25, 2013hi nanningbob, not cool, and unexpected today.
US slams China's Diaoyu air defence identification zone as 'destabilising'
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venzen commented Nov 25, 2013[Washington urges China to obey the order] not to implement its threat to take action against aircraft that do not identify themselves or obey orders from Beijing. That's unfair somehow...
US slams China's Diaoyu air defence identification zone as 'destabilising'
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venzen replied Nov 25, 2013chonchy, I see you're thinking of mining. Good Luck!

Bitcoin technical analysis