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Title: The Trading Floor. Post by: YoYa on July 17, 2011, 01:25:28 PM How do ol boy, quite a morning on the markets aye?
Well do pull up a chair, light a Havana, and pour yourself a snifter of brandy......in this thread we share charts for the here and now, share speculating strategies and generally shoot the shit. Leave the economic arguments at the door, we care only for market data, indicators and trends as any true speculators should in this thread. So down to it.... This mornings an interesting one, strong down trend manifesting itself on the charts: http://derp.co.uk/d5d8b I'll continue to observe this as it goes through out the day, but my bets are that with no SEPA inflows, a glut on supply side and low volumes this trend will continue for a day or two.... What say you fellow speculators? Title: Re: The Trading Floor. Post by: YoYa on July 17, 2011, 01:46:19 PM Trend has been broken to the upside, MACD smiles upon us......
http://derp.co.uk/31977 Suspect this will eventually break down, but interesting for the afternoon. Title: Re: The Trading Floor. Post by: Grant on July 17, 2011, 02:01:13 PM Looks like we have a minirally, or maybe a beinning of a larger rally. :)
Title: Re: The Trading Floor. Post by: Synaptic on July 17, 2011, 02:08:33 PM Title: Re: The Trading Floor. Post by: YoYa on July 17, 2011, 02:08:57 PM Looks like we have a minirally, or maybe a beinning of a larger rally. :) Awww, you mentioned the R word! We're jinxed now, SELL SELL SELL! :P It's a minor up that breaks the mornings downward trend, orders are quite thin in the current range, so it'll have to break these in either direction before we can say it's going anywhere. Title: Re: The Trading Floor. Post by: YoYa on July 17, 2011, 02:19:12 PM Well we know your long term view ;) What about what can be made on the way down? Strangely I do way better on downward trends then up, easier to go with gravity I suppose.... :P Title: Re: The Trading Floor. Post by: Synaptic on July 17, 2011, 02:22:05 PM Well we know your long term view ;) What about what can be made on the way down? Strangely I do way better on downward trends then up :P Oh yeah? What kind of volume are you doing? Title: Re: The Trading Floor. Post by: YoYa on July 17, 2011, 02:24:35 PM Oh yeah? What kind of volume are you doing? Sweet fuck all, or in other words as much as I am willing to lose, I ain't complaining so far since I joined tho. I'll be happy if I make it out with one of these: http://www.italy-outlet.de/foto/coffee_machines/medium/rancilio-set-no-doser1.jpg Title: Re: The Trading Floor. Post by: Synaptic on July 17, 2011, 02:29:16 PM Oh yeah? What kind of volume are you doing? Sweet fuck all, or in other words as much as I am willing to lose, I ain't complaining so far since I joined tho. I'll be happy if I make it out with one of these: http://www.italy-outlet.de/foto/coffee_machines/medium/rancilio-set-no-doser1.jpg Cool man. Not going to criticize you for taking a safe gamble for fun and (miniscule) profit. Title: Re: The Trading Floor. Post by: grod on July 17, 2011, 03:15:37 PM When my wife learned about this hobby and my re-ignited trading interest she was all like, "wait, you're excited about playing with less money than this date night is costing us?" but then she was all like, "cheap entertainment I guess..."
At this point my target is either an ATI 7 series card equivalent to a 580GTX or so or the 580 in the first place. Timeframe is around January. Let's see how it goes. Oh yeah, definitely eyeing this one with a massive bear bias short term. Money briefly flowed back in, but that appears to be trending down again. Evening could very well be interesting, and I'm prepared to buy. Or sell the 2 newly minted coins, as soon as they're at mtgox. =) We also have to keep in mind ONE early adopter wanting a Porsche trumps all the charting and prognosticating we're doing. 90% of all bitcoins are still MIA and that's a massive stick to beat any TA with. Title: Re: The Trading Floor. Post by: YoYa on July 17, 2011, 04:43:16 PM We also have to keep in mind ONE early adopter wanting a Porsche trumps all the charting and prognosticating we're doing. 90% of all bitcoins are still MIA and that's a massive stick to beat any TA with. Yeah, tend to agree there, some people see the charts as the sum total of all information on the market, but there's no point ignoring something just because you can't chart it. Speaking of which... :) There appears to be a pennant forming for the evening: http://derp.co.uk/21f9b But this may be nothing as I'm quite happy to admit I'm an enthusiastic amateur in this. I wouldn't even trust my own advice! :P Title: Re: The Trading Floor. Post by: GeniuSxBoY on July 17, 2011, 04:49:44 PM tradehill still sucks.
graphs sucks. interface sucks. They've been working on it for 4 weeks now. Title: Re: The Trading Floor. Post by: YoYa on July 17, 2011, 06:05:51 PM tradehill still sucks. graphs sucks. interface sucks. They've been working on it for 4 weeks now. Yup! Not that I didn't want to run a mile from Gox like everyone else at the time, but there are a few reality's that prevent us all from doing so, namely volume and also real-time data via the websockets. I haven't seen similar offers from any of the competition, and no other exchange has yet filled the void. But this will change, just not at the rate people have been expecting it. I'm nominating CampBx to be the second large exchange. Tradehill have wasted the advantage given to them by the whole gox escapade, not to mention the challenges faced by their being so late to the game meaning an underdeveloped service. Title: Re: The Trading Floor. Post by: GeniuSxBoY on July 17, 2011, 06:23:47 PM CampBx has too much graphics and screen changes for me.
I'm just interested in seeing the price change and orders being placed. I'm interested in placing orders quickly and efficiently. With Mtgoxlive, MtGox is almost perfect. The history data on mt gox is easy to read and log. The interface is fast. I can have multiscreens up at once. The volume is high. The security is looking nice. Fund transfers in and out are easy. I'm a MtGox fan. Title: Re: The Trading Floor. Post by: Amechan on July 17, 2011, 06:57:48 PM Title: Re: The Trading Floor. Post by: error on July 17, 2011, 08:19:25 PM I think CampBX will end up being the exchange of choice for people in the US once they get their trading API online.
Title: Re: The Trading Floor. Post by: YoYa on July 18, 2011, 06:34:39 PM Hope you good people are running short today and still possessing the shirt on your back, looks like we're in for quite a ride:
http://btctrading.wordpress.com/ Quote BitcoinAnalyst S3052 Bitcoin Technical Analysis: 13.8 - 12.5 $ are accumulation / buying zones 12.5 is about to be busted. IMO, lack of SEPA is helping the trend, and when those funds arrive they will be too late to turn the tide. What's also scary is that the last time we saw ten the bid wall was massive, this time around: 4721 BTC Bid 10 :-/ At the moment, no clear channel as such, just what looks like an upper trendline: http://derp.co.uk/38905 But it's not all bad news, the ex-head of E-business citigroup is opening an exchange: http://techcrunch.com/2011/07/18/ruxum-wall-street-level-security-comes-to-bitcoin-with-new-exchange/ Quote In the late ’90s, he says, Pankewitz was the head of eBusiness for Citigroup Private Bank and his team was among the first to build a digital banking solution for high net worth individuals in Europe and also worked on Forex trading systems at Citigroup. When individuals of this level of experience feel it's worth a punt, you gotta take notice. Title: Re: The Trading Floor. Post by: GeniuSxBoY on July 18, 2011, 06:48:51 PM It goes down down dowwwn
to a burning ring of fire Title: Re: The Trading Floor. Post by: YoYa on July 18, 2011, 07:00:05 PM Parachutes all round! ;D ;D ;D
In fact, we could do a 98 on it and award ourselves some outrageous bonuses for a job well failed :P :P :P Title: Re: The Trading Floor. Post by: YoYa on July 18, 2011, 08:09:12 PM Title: Re: The Trading Floor. Post by: Oldminer on July 18, 2011, 08:29:01 PM Ah..short term chart analysis..gotta love it..lol Lets go back a little bit further in time...hmmm https://i.imgur.com/BmXub.jpg Title: Re: The Trading Floor. Post by: enmaku on July 18, 2011, 08:33:29 PM Ah..short term chart analysis..gotta love it..lol Indeed - how about a couple moving averages and a daily median price on a log scale (with trendline for added effect)? http://bitcoinreference.com/sites/default/files/u1/6-month-log-trends-all.png Title: Re: The Trading Floor. Post by: Oldminer on July 18, 2011, 08:38:14 PM Indeed - how about a couple moving averages and a daily median price on a log scale (with trendline for added effect)? http://bitcoinreference.com/sites/default/files/u1/6-month-log-trends-all.png Yea I think this is maybe why synaptic lost so much money on Bitcoin - he doesnt know how to read charts... ;D Title: Re: The Trading Floor. Post by: YoYa on July 18, 2011, 08:46:09 PM Title: Re: The Trading Floor. Post by: GeniuSxBoY on July 18, 2011, 08:51:04 PM I predicted 10.50 last time, and the floor was $11
This time I'm predicting the floor to be $11.32 Title: Re: The Trading Floor. Post by: YoYa on July 18, 2011, 09:30:40 PM :o :o :o :o :o :o :o :o :o :o :o :o :o :o
http://derp.co.uk/95348 FUCK! Go trendlines! Someone thought it a good time to buy 10K worth, I can only say.....FUCK YEAH! Only problem is......do I sell before I go to bed, or hold overnight :-X Title: Re: The Trading Floor. Post by: whitemist on July 18, 2011, 10:37:06 PM I'm holding, I doubt it will move higher overnight. It was a large bid and thank god for it ^^
Title: Re: The Trading Floor. Post by: cloon on July 18, 2011, 10:44:41 PM yeah! tomorrow more people will see the bull
Title: Re: The Trading Floor. Post by: error on July 18, 2011, 10:48:19 PM I see bulls everywhere!
http://cdn.static.ovimg.com/episode/186425.jpg I see the occasional bear, too: http://www.weirdthings.org.uk/wp-content/uploads/2008/05/look-at-the-bull-his-horn-is-up-the-spanish-guys-ass-serves-him-right.jpg Title: Re: The Trading Floor. Post by: GeniuSxBoY on July 18, 2011, 10:52:06 PM Man, it's going to take forever for the price to come down again...
lol Title: Re: The Trading Floor. Post by: Oldminer on July 18, 2011, 10:57:09 PM Only problem is......do I sell before I go to bed, or hold overnight :-X Yea damned if you do and damned if you don't lol Toss a bitcoin? ;D Title: Re: The Trading Floor. Post by: YoYa on July 18, 2011, 11:06:21 PM Only problem is......do I sell before I go to bed, or hold overnight :-X Yea damned if you do and damned if you don't lol Toss a bitcoin? ;D Does that involve me picking up my laptop and throwing it in to the air? ;P [Edit]Fuck it! Look's good to hit 14, hold and go to sleep. Title: Re: The Trading Floor. Post by: Oldminer on July 19, 2011, 04:34:22 AM Does that involve me picking up my laptop and throwing it in to the air? ;P This ^^ But seriously, don't try this at home kiddies. This is for grown-ups only. ;D Title: Re: The Trading Floor. Post by: Bitcoin_Silver_Supply on July 19, 2011, 04:37:28 AM Seriously insane fluctuations for one-day trading. If I was heavily invested in BTC I would be sweating balls 24/7
Title: Re: The Trading Floor. Post by: error on July 19, 2011, 04:40:50 AM Seriously insane fluctuations for one-day trading. If I was heavily invested in BTC I would be sweating balls 24/7 Never invest more than you can afford to lose. You'll sleep better at night, and if you do take a bath, it won't kill you. Title: Re: The Trading Floor. Post by: YoYa on July 19, 2011, 08:28:41 PM Good evening fellow speculators......
Update for this evening is that although trading is slow, we might have entered a new trend channel: http://derp.co.uk/78224 At current rates, this will likely be a small gradual decline for a few hours, but let's see how it goes :) Title: Re: The Trading Floor. Post by: cloon on July 19, 2011, 08:53:12 PM i like your chart! witch program?
Title: Re: The Trading Floor. Post by: YoYa on July 19, 2011, 09:04:41 PM Sierra charts, theres a thread to set it up for bitcoin here:
https://forum.bitcoin.org/index.php?topic=6019.0 But I still use bitcoincharts.com as well as I can fit more indicators on it. Truth be told, I'm using everything :D Title: Re: The Trading Floor. Post by: Oldminer on July 19, 2011, 09:04:51 PM Good evening fellow speculators...... Update for this evening is that although trading is slow, we might have entered a new trend channel: http://derp.co.uk/78224 At current rates, this will likely be a small gradual decline for a few hours, but let's see how it goes :) Yes ~ chews on cigar & takes sip of port ~ ... I do believe we'ere witnessing a slightly bullish market old chap...but trend for the day is still to be determined, unless it stays at it is, in which case I will have to mark the day off as one unremarkable day of flat trading. Of course having said this, the price will now proceed to shoot through the roof. Title: Re: The Trading Floor. Post by: YoYa on July 19, 2011, 09:57:32 PM Yes ~ chews on cigar & takes sip of port ~ ... I do believe we'ere witnessing a slightly bullish market old chap...but trend for the day is still to be determined, unless it stays at it is, in which case I will have to mark the day off as one unremarkable day of flat trading. Of course having said this, the price will now proceed to shoot through the roof. I SAY OL BOY! How prescient of you to say! I must wire my broker at once! URGENT TELEGRAM TO MT.GOX JAPAN. BUY BUY BUY WITH UTMOST HASTE. Title: Re: The Trading Floor. Post by: TraderTimm on July 20, 2011, 07:25:03 PM Some of my proprietary indicators are pointing to upward pressure accumulating here. Won't know until further into this week, however. My timescale of choice is Daily bars. Guess we'll see...
Title: Re: The Trading Floor. Post by: Oldminer on July 20, 2011, 07:31:39 PM Indeed. We're still in bull territory and indicators are we're moving out of oversold condition.
Title: Re: The Trading Floor. Post by: enmaku on July 20, 2011, 07:34:26 PM Indeed. We're still in bull territory and indicators are we're moving out of oversold condition. I sincerely hope you're correct. I could use a little price climb before month's end or this miner will have some very unhappy investors for July... Title: Re: The Trading Floor. Post by: Oldminer on July 20, 2011, 07:49:00 PM I sincerely hope you're correct. I could use a little price climb before month's end or this miner will have some very unhappy investors for July... Yea bear in mind (sorry, no pun intended lol) my analysis is based only on current indicators. IMO no-one can say for sure this trend will continue. |
