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venzen replied Nov 19, 2013Jay, you can already trade Bitcoin vs those currencies (see Mt.Gox Bitcoin Exchange and others) and some fx brokers offer it as a spot market as well as option instrument. The thing is that fiat cannot disappear overnight because it is systemically ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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venzen replied Nov 19, 2013hi Rtm, not sure i agree with "nobody wants gold" - the cenbanks know exactly what Gold represents and (as XTrade has been explaining) this is seasonally the time of year when big instiutions buy as a show of legitimacy and for their year-end ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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venzen replied Nov 19, 2013Rhodie, just to correct you on the amount of Bitcoins: It has an inbuilt slow release algorithm that means 21mil Bitcoins will come into existence over roughly 100 years by a process called "mining" (alluding to scarcity a la Gold, no doubt). Mining ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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venzen replied Nov 19, 2013Jay, Rhodie is correct to say that Bitcoin is a "market changer" - it's the first time the market masters face a tradeable instrument and "in-use" currency that they do not - and CANNOT control - because of the way Bitcoin came into being. Now that ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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venzen replied Nov 19, 2013care to call the bottom of the correction, anyone? i see price is at $525 now... MACD and RSI are waaay reverse diverged, I reckon the next wave up starts at $500 or $450 minimum
Bitcoin technical analysis
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venzen replied Nov 19, 2013when a trader has their arms wrapped around their body and they're rocking back and forth... does that go in the DO's or DONT'S list?
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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venzen replied Nov 19, 2013treacherous daytrading range. I got out of my long on that spike up. Now just watch... although, does anyone alse see this as the last wave E of an expanding triangle from yesterday's low? If so there are pip below. But I feel like that little fish ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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venzen replied Nov 19, 2013must admit, i became complacent in my bullish expectation... just reviewing my charts to find the giveaway and in the process lost bullish conviction too! Although positioned long, there is no reason to rule out continuation of this downtrend. SL ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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venzen commented Nov 19, 2013erm, what's there to ponder? 1) threaten war or 2) theatricize a govt funds crisis or 3) don't taper
Fed Ponders How to Temper Tapering Without Rate Increase
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venzen replied Nov 19, 2013Starting with Benjamin Bernanke's talk, the next 2 days of data is going to provide much impetus for market moves. Will it be directional or a washing machine with much churning and no progress? I also have a bullish bias as per my charts from ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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venzen replied Nov 18, 2013Incredible momentum to the upside! What is deceptive is that around the $500 mark participation was really thin - obviously the bigger money was waiting to see what the inexperienced market was going to do - but now volume has really ramped and ...
Bitcoin technical analysis
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venzen replied Nov 18, 2013Morning all, As far as i'm aware FF considers repeated links to an external blog as "commercial" activity and will reclassify the member accordingly. Hence they will subsequently not be able to post here. This is what some other members have ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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venzen replied Nov 18, 2013Also, holding out for the swing long since last Thursday (i think). I was over-enthusiastic getting in and got stopped out; then over-cautious on the second entry and ended up doing a Mr Bean entry long at 1287. Anyhow, it's good to go but getting ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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venzen replied Nov 18, 2013hi Mave, i like this chart - seems you nailed the pivotal TL for the decline as well as the critical daily S&R levels for the current PA area. thanks for posting!
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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venzen replied Nov 18, 2013yep, everytime there is a "more like FB" upgrade the criteria on image submissions change. I had the same thing this morning when a live Bitcoin chart just wouldn't display and I had to assemble my braincells for a deduction session to figure out ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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venzen replied Nov 18, 2013Tell you what, these guys need to reimplement FF on a fresh web engine - it is seriously dislocated and frankensteined! after much searching ("Google powered" for "Extra find") I excavated url this is a list of all the BB markup tags, but many of ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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venzen replied Nov 17, 2013hi KO, you mean like this? and then a second one: wrap each quote in the following tags: but without the and tags - the editor is annoying adding those and i don't know how to get rid of them!
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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venzen replied Nov 17, 2013hi XT, you mention drivers... the calendar looks explosive on Wed and Thurs this week!
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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venzen replied Nov 17, 2013Ramses, that sounds good. Does btc-e allow you to short? At 3:1 that should be profitable if the hearings Monday achieve their objective of making Bitcoin "unsafe" and "undesireable"!
Bitcoin technical analysis
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venzen replied Nov 17, 2013i sure do! check the following link for historic charts: url i am suspecting an extended 5th with target around 750-1000 ! I missed the same boat as you: sold near the correction high of 165 and then thought it would go to $50 and never bought ...
Bitcoin technical analysis