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venzen commented Nov 20, 2013Poor article and wanton China-bashing that now seems the media fashion: 1) lifting the "one-child" law is certainly going to lead to a population increase - especially if incentives are offered for having additional children. And before the media ...
One China Crisis Nobody Is Talking About
- venzen replied Nov 20, 2013
Agreed, sooner or later it's going to plummet - the year low is only $90 below and could easily be taken out. What puzzles me is the stunted action to the downside. You know the saying "Bulls climb up the stairs, but bears come crashing out the ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- venzen replied Nov 20, 2013
There is a lot favouring the continuing rise of BTC: I think Lottaa posted this before: image With it's curbs and firewalling of domestic internet traffic, Chinese authorities could block Bitcoin transactions if they wanted to - obviously they ...
Bitcoin technical analysis
- venzen replied Nov 20, 2013
I just got back in at $531 after what looks like a completed triangle correction to the downside. M5: image
Bitcoin technical analysis
- venzen replied Nov 19, 2013
Morning all, Not to leave Rhodie the lone Quantum Paradoxtician, I want to reveal today my system based on Fibonacci Mysticism and subwave DNA-technics!
As usual around the times of the London open and the US news today there will be moves in the ...XAU/USD & XAG/USD - Gold & Silver Traders Thread
- venzen commented Nov 19, 2013
of course this happens and it can't be prevented. Anyway, how is this different from, say, Soros arranging a one-way bet on the Yen - there being many parties to such a bet, including (amongst other large influential speculators) the owners of the ...
FX dealers said to use day traders to make personal bets
- venzen replied Nov 19, 2013
on your chart, i believe that apex made by the 2 TLs you have drawn is significant. In time, it roughly coincides with the time of Benjamin Bernanke's speech later. You can also see PA is working it's way into that apex... it's usually the case that ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- venzen replied Nov 19, 2013
you're getting the idea but should check the Rules for an Impulse: wave 3 is never the shortest wave. I'm not sure what the count is coming down, I'm waiting for tomorrow and Thursday's PA to print before I could try a count. I'm not saying the ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- venzen replied Nov 19, 2013
Mt Gox servers are so busy i'm not getting a steady API feed so my platform and charting is rendered useless.... just as well because i wanted to buy in at 500 but it seems the correction is going to pull back deeper in another wave. $450? $400?
Bitcoin technical analysis
- venzen replied Nov 19, 2013
today's PA reminds me of that move "Avatar" where the guy spends months in a cryogenic sleep-tank. When i got up to get some coffee just now my legs wouldn't work!
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- venzen replied Nov 19, 2013
sounds like a great piece of software, Rhodie. Best wishes for its success.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- venzen replied Nov 19, 2013
Archer, exactly. I don't believe the market tells anyone what it wants to do. That's, IMO, an idea people get after a successful trade - next trade they end up perplexed: "but just before the market was talking to me! now i got stopped out... why?". ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- venzen replied Nov 19, 2013
apologies for double posting, but just to add: you mention emotion as the culprit, but bear in mind that (as XTrade regularly point out) this is Gold. Gold is a monster instrument and will rock your account and trading confidence if you are not ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- venzen replied Nov 19, 2013
gerry, no bother - this is what forums are for - especially a trader's forum! Thing is, as much as I talk and chart confidently, I am nowhere near as experienced as XTrade and some others here. But regarding emotion and getting up to no-good in your ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- venzen replied Nov 19, 2013
connected to the earlier discussion about Bitcoin, another interesting development is that the bulk of Bitcoin transactions now originate from China, so in a sense, it does not matter what US regulators decree, since it appears Chinese authorities ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- venzen replied Nov 19, 2013
hi gerry, long term (next 2 years) bullish for $2250/oz. medium term (next 2 months) bearish for $1100/oz short term (today) bearish for 1250 for the next hour I expect XAU to hit near 1280 before coming down to 1250. This is just my own notion of ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- venzen replied Nov 19, 2013
regarding Brazil and Mexico and an "Americas currency": as far as I understand the BRICS countries are in the process of forming a BRICS bank with a common currency - not sure how such currency will be chosen or used (Rouble or Yuan?) - but that ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- venzen replied Nov 19, 2013
hi Smithy, could you perhaps explain what you mean by UJ dominating Gold - do you mean UJ rising and Gold price falling?
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- venzen replied Nov 19, 2013
Rhodie, thanks - very informative chart - need time to explore it...
XAU/USD & XAG/USD - Gold & Silver Traders Thread