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venzen replied Nov 11, 2013that's the one! seems one of those corrections are in the process of completing right now, so the safest entry would be when price exceeds the high just prior to the corrective red candles now playing out. However, that "wastes" a lot of upside, so ...
Bitcoin technical analysis
- venzen commented Nov 11, 2013
hi Exodus, Good point you make and I think as the "imminent taper" hopes are disappointed, first in December and then again in March, we will see Gold take the elevator up. Right now the mainstream is high on punch and amphetamines - check out the ...
Why central bankers' composure is pure theatre
- venzen replied Nov 11, 2013
Central Bankers dilemma - a simple but accurate description of the present situation
Sultans of Swing
- venzen commented Nov 11, 2013
good article in several aspects: a) a good economics 101 primer (congrats to the writer for explaining fairly complex macro-economic concepts and inter-relationships simply) b) accurately unpacks the current dilemma and imminent deflation export ...
Why central bankers' composure is pure theatre
- venzen commented Nov 11, 2013
if they close the openly available chatrooms, how on earth are these traders going to be able to communicate with one another? oh no, what a blow!
A Bunch Of Wall Street Banks Considering Blocking Traders From Chat Rooms
- venzen commented Nov 11, 2013
all things remaining equal and the West's economic "recovery" continuing on it's trajectory, the BoJ experiment might have worked. But with the US and EZ economies guaranteed to slump (if not outright tank) the Japanese central bankers have left ...
Draghi to Bernanke Inflation Slump Dims BOJ Target
- venzen replied Nov 10, 2013
Ramses, Nice count! Corresponds exactly with mine so I don't even need to create and post my TA. It will be interesting to see what happens at the top of this wave. I would expect a massive sell-off but it could easily make a retracement to the 4th ...
Bitcoin technical analysis
- venzen replied Nov 10, 2013
hi zusch, Good call! This morning we have $330 after a high made over the weekend. Sorry no chart, but price looks to be in a consolidation phase before moving higher.
Bitcoin technical analysis
- venzen replied Nov 10, 2013
hi Aidan, Welcome and thanks for posting. Good to have an active miner on here! I trade Bitcoin via the MtGox exchange, so buy and hold only - no short selling and no option contracts. But that's no problem - as someone mentioned it's kind of like ...
Bitcoin technical analysis
- venzen replied Nov 10, 2013
hi Lottaa, nice to see you posting here. Bitcoin trading is for fun. Maybe our Bitcoins are worth something down the line so that's another benefit, but I don't trade Bitcoin for that. The low liquidity and speculative market is exciting - kind of ...
Bitcoin technical analysis
- venzen replied Nov 10, 2013
ninety47, thanks for the link to RTBC and the fee lay-out. I had a look and really like the platform and features. If i had not already incorporated the MtGox API in my own platform (which took several months of coding in Python) I would have easily ...
Bitcoin technical analysis
- venzen replied Nov 10, 2013
Gold-lover, Oanda has regional offices in the US, Europe and Asia. Usually their website will direct you to your regional website according to your IP address. But: you don't want to sign up with Oanda in the US because of complicated regulations ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- venzen replied Nov 10, 2013
Ramses, both you AND gold helped changed my mind! I opened a clean weekly chart and recounted PA since the 2011 top. I also made sure to resequence my wave degrees according to Cycle degree (which all commodities seem to be in) and this exercise ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- venzen replied Nov 9, 2013
hi gold2011, very interesting inter-metal analysis. I agree with your statement that 1100 is more likely than 1000 for Gold. There is just a minimum price that a commodity cannot go below due to overwhelming demand at a "bargain price". Besides, as ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- venzen replied Nov 8, 2013
what comes down must go up again! or must it? if PA goes above 1295 I'm definitely targeting 1300.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- venzen replied Nov 8, 2013
hi mrmalik1, well, i'm glad it was useful to you. I'll PM you because I don't want to write too much off-topic (this is a XAU & XAG thread
). Good Luck todayXAU/USD & XAG/USD - Gold & Silver Traders Thread
- venzen replied Nov 8, 2013
good idea - wait till the volatility has subsided and a direction becomes clear. my rule of thumb is: only trade what you know. Right now there is no way to know what the data will be and what the market reaction will be. Nevermind the reaction and ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- venzen replied Nov 8, 2013
for sure. and this week it's been in an expanding triangle with breakout ETA tonight! edit: if it shoots up higher than I show in the chart, it will most likely be going up in a correction to 1350/75 M15 (ignore the inset at lower left - and ...
Sultans of Swing
- venzen replied Nov 8, 2013
Probably the Dollar will keep swinging wildly and everything with it. I'd prefer to see a consistent strengthening as per that count so Gold can go down and hit bottom. But "hope so" is one thing and the objective facts another: I've got 2 counts ...
Sultans of Swing
- venzen replied Nov 7, 2013
It's really useful that your father has some trading experience and I hope he passes some knowledge on to you. As always, parents are concerned about the well-being of their children and want the best for them. This often ends up with fears and ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread